Florida Profitability
Last month I put up a chart on the cumulative profitability of the homeowners insurance market in Florida. Here (below) is one on the annual profitability.
How do the consumer advocates or the governor justify their claim that that the insurers are profiteering? They claim that because the industry spends money on lobbying then the industry doesn't really need any help. I guess that is why people don't really need defense lawyers either.
via the Orlando Sentinel.
(click to increase in size)
Hi Grace,
$10.7 billion net loss to insurance industry since 1992????
Posted by: Finance Guide 101 | January 31, 2007 at 08:52 AM