Tuesday, January 27, 2009

Floridians Were Warned

The WSJ cautioned that Gov. Crist's attack on the private market for home insurance would send actual insurance companies fleeing the state, and they were right. State Farm has announced that they will quit the state rather than continue to lose money. If they can't price the risk appropriately due to rate caps, they will take a bath. No point in it. Crist's government-run insurance company is about the only option left and the day of reckoning is coming.

Next up, I'd like to see the automobile companies respond to California's emission standards, that Dear Leader recently enabled after some gumming up by Chimpy Hitler, by refusing to make and sell cars that meet CA's standards. I'd love to see the residents of "car culture central" grumble that they can't get the same snappy new cars that, say, Texans can get. Or they can make the cars, but price them higher and put some wording on the sticker "$2000 extra, just for Californians."

UPDATE: The WSJ weighs in on the news. Oh and guess what? Gov. Crist is supporting ObamaPelosi's stimulus disaster and seeking, in return, federal backing for his state insurance train wreck. Gov. Crist is a disgrace.

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