The decision was “necessary to effectively manage risk exposure,” the company said.

    • neuropean@kbin.social
      link
      fedilink
      arrow-up
      15
      ·
      1 year ago

      On the other hand, maybe we should rebuilding in places with catastrophic disasters on an annual basis. How long should we keep doing the same thing expecting different results?

      • rusticus1773@lemmy.ml
        link
        fedilink
        arrow-up
        11
        ·
        1 year ago

        It’s hard to stomach bailing out people and parts of the country for events caused by a process they actively deny and lie about.

      • marmo7ade@lemmy.world
        link
        fedilink
        arrow-up
        4
        arrow-down
        2
        ·
        1 year ago

        The contractors played the uno reverse card on insurance companies. Their modus operandi is to fraudulently deny valid claims and make you sue them to get paid. Contractors said OK, let’s play that game. Good on them. If enough contractors beat the insurance companies at their own game, it may force actual oversight of the industry.

      • dynamojoe@lemmy.world
        link
        fedilink
        arrow-up
        4
        ·
        1 year ago

        I’m on Citizens. Every year I get a letter telling me they have the legal right to sell my policy if they find a comparable one in the private sector within 20% of what I’m paying. Every year they fail to find one. The best thing about Citizen’s is that they can’t leave the state.