owners in Florida and in coastal areas, much of the rest of the state to experience a significant increase in their insurance premiums starting with the new year ahead. In the years 2004 and 2005 a series of hurricanes slammed the state, and the bystanders, which warrant serious economic penalties for insurers and reinsurers in particular – companies, insurance companies. The result is that many insurance companies withdrew from these areas as a whole. Those who keep raising their price lists, represent tens of billions of dollars in lost profit.

In fact, shows the III (Insurance Information Institute) that 70% of the U.S. the most expensive hurricanes in history occurred in August 2004 to October 2005. It was filed more than three million applications by hurricanes Rita, Wilma, Dennis and Katrina alone. Hurricane Katrina is the most expensive of all, deposited at 0.6 billion, more than 1.7 million separate applications run. In addition, there were more than 20 other major tropical storms and hurricanes this year. And while the hurricane Katrina affected Florida in such a direct way, such as the Louisiana and Mississippi, insurance groups, in general, as the same appearance.

New insurance and reinsurance companies account for the law:

Reinsurance companies representing more than 20 states, with new legislation to foster the tremendous costs of natural disasters, insurance spread across the country. Ice storms, tornadoes, fire storms, hurricanes, landslides, floods and the impact on several owners in all states in the country at different times. to pay hundreds of billions of dollars to meet their demands. In the event of natural disasters over the land, the new regulations provide that all 300 million € to make more members of the Society for the reconstruction. This bill will most likely be passed by President Obama very soon.

In the meantime, homeowners in coastal regions of Florida expect an increase of 10% of its premiums from 2010 to see. In addition, surcharges will affect 10% remain in the region for the coming years. In fact, it is expected that the insurance premiums for areas that are more than double in less than five years. Insurance companies, especially companies which provide, are giants who absolutely refuse to lose benefits in the long term. You have the incredible power of lobbying. They will ensure that new laws are passed, to help recoup the high costs again with different natural disasters that occur automatically at regular intervals, are connected.


Property insurance in Mississippi