More on Business Property Insurance in Florida
The Miami Herald (Jul 22) reports on the realization of increased insurance prices on business opportunities in South Florida.
Among the troubling signs:
• Some sales of commercial property are grinding to a halt.
• Business borrowers are bordering on default with their bankers.
• Companies are developing plans to create their new jobs elsewhere or move out altogether rather than pay the high cost of operating here.
Which gets back to the question of the summer…At what point does one move?
Great point! At what point do you stop waiting on insurance to catch up and just flat out move!
Posted by: Evan | July 27, 2006 at 10:49 AM