Re:Mercury Spill
by jandrese on Thursday October 08, 2015 @11:00PM
(#10357910)
Yeah, it costs a lot to hire inspectors to go out to every property and determine that it was the water in the air, not the wind itself that destroyed the house so they aren't covered.
[ Parent
| on HN ]
Cynical and false.
http://www.iii.org/sites/default/files/paper_HurricaneAndrew...
Katrina: $47.6 billion paid out. Andrew: $25.0 billion paid out. Ike: $13.1 billion paid out. (Constant 2011 dollars.)
See discussion of "wind pool" in the document, by the way: the way Florida works is by having a semi-governmental organization insure wind damage and letting private insurance companies sell "we'll insure any risk as long as it isn't wind damage" policies.