Posted On: January 15, 2007, 3:56 pm CST

Posted By: Response

Actually the homes insured for $1,000,000 and more on the barrier islands and elsewhere have the lowest loss ratio according to Citizens. It's just easier to bash those with the newer large homes, however, removing them from the risk pool will cause Citizens to operate and an even greater loss. No joke, Citizens is very aware of this however, it's politically correct to bash the affluent so go figure. There are plenty of carriers willing to take these newer high value homes. What we need are true incentives to make our older homes more capeable of handling the high winds.