Posted On: January 9, 2007, 1:06 am CST

Posted By: peyton

I would like to thank all you for your charity,understanding in that you think it cannot happen to you.In FL we have been paying high premiums, huge ded.for Swiss cheese coverage for a long time.Approx 28 years btwn the previous big blow and Andrew in 1992, then we got hit with a season which had not happened in well over 100 years. Insurance is a risk based business,the risk is supposed to be spread not confined on a premiums collected basis in a single state. Nice bit of accounting sleight of hand.You folks up north should worry because some of the worst storms (see NOAA site)have hit you!You got no building codes,no experience,no oolite substructure but clay AND your big cities are below sea level.Let's see how you handle it! These storms come in certain cycles,it is natural.Next cycles are the classic Cape Verdes which come right up the Eastern Seaboard and you are no where near as prepared as FL!We have been paying through the nose forever and many of us have had no claims but cancelled anyway.They still want the other lines of business.Fat chance!