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JSmith

Florida recently passed a law stating that insurers can't drop coverage on homeowners in hurricane areas.

Florida needs to be careful: what insurers can do is refuse to write any business at all in their lousy state. Then Florida is entirely on the hook for its own hurricane damage (with the help of the Feds, of course.)

But you got this one excatly right, Elaine - the purpose of insurance is not to enable people to make the same stupid mistakes over and over and over.

Elaine Meinel Supkis

Just like if you smoke cigarettes, insurance companies charge much more. If you lie about it and then a cigarette burns down your house, they don't have to pay, you know.

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