Farmers Insurance Company Pulls Out of Florida – Another 100,000 Policies Will Not Be Renewed


Posted originally on the CTH on July 11, 2023 | Sundance 

The insurance crisis in Florida is hitting the middle-class family, working community and retirees on a fixed income directly.   Hundreds of thousands of residents have lost insurance coverage, and even more have seen policy premiums double.  It is not uncommon to find homeowners who are paying more for insurance than their actual mortgage payment.  Unfortunately, the situation is getting worse.

Farmers Insurance has notified the state they are pulling out of Florida, will not be writing any additional policies in the Sunshine state and when existing policies expire, they will not be renewed.  Home and auto policy rates have already doubled in many areas for many people.

The insurance situation is becoming more unstable by the day, and the future outlook seems even worse amid reports that even more companies are planning to exit.

FLORIDA – Another property insurer is dropping coverage in Florida.

Farmers Insurance will stop writing new business and not renew its existing “Farmers-branded” automobile, home and umbrella policies in the Sunshine State, the company said Tuesday.

Last month, Farmers said it was only pausing new business in Florida. The company is also limiting new home policies in California, where it is based, according to news reports.

“This business decision was necessary to effectively manage risk exposure,” the company said in a statement.

The move will impact 30% of the company’s business in Florida, or roughly 100,000 policies. Policyholders affected by the decision are required to be given 120 days’ notice that their coverage will not be renewed.

Farmers on Monday sent notice of its plans to the Florida Office of Insurance Regulation, which is reviewing it. Insurers must give the office 90 days’ notice if they want to discontinue writing business in Florida. (read more)

The insurance company withdrawals works in concert with investment groups who prey on the outcome.  Single family homes and even large condo developments are squeezed into a situation where housing is no longer affordable.  The investment vultures then swoop in and end up controlling the properties.

Florida’s working and middle-class is being destroyed and a divide between the haves and have-nots is being created.  The wealth gap is expanding as families are forced to leave the state and a larger percentage of self-insured rich people move in.

Long before Ron DeSantis became a potential presidential candidate, and long before Hurricane Ian devastated southwest Florida in 2022, I was highly critical of state policies that were not constructed around the backbone of the economy, the working class.   Temporary H1B Visa workers replacing permanent residents as a workforce to fill the gap is not a long-term solution.

When you stop paying attention to the economic systems that support a sustainable service and production workforce in Florida, this snowballing outcome is predictable. None of it is good.  Unfortunately, as I forewarned prior to the COVID era, Governor Ron DeSantis is creating a class-war tinderbox.  The sentiment on the ground is increasingly growing angry.  His absence is only making it worse.

My Tribe

Climate Change Lockdowns Are Coming?


Armstrong Economics Blog/Climate Re-Posted Jul 7, 2023 by Martin Armstrong

QUESTION: There has been talk that Trudeau will use the fires to claim a climate crisis, and that will justify lockdowns again. Is there any truth to these rumors?

FS

ANSWER: There is definitely the idea of using climate change to justify lockdowns. However, this is really not for climate change but for crowd control. They are well aware of the rising discontent civilly, which historically produces revolution. They are pushing for world war III for two reasons.

First, it will be the excuse to default on all sovereign debt as they are also attracted to the Schwab-Soros solution of a one-world government. If that is the case, then all previous sovereign debt will be null and void. The United States did that with the debt of the Continental Congress when they created the United States. That’s why you can collect the revolutionary currency that was never honored.

Secondly, they fear revolution is in the wind. In order to prevent that from taking place, they need to restrict all travel, censor social media, and lock us down using climate change as the excuse.

You may not know it, but at the Paris climate summit, they REFUSED to allow anyone to testify who disputed their agenda. That was the start of this Cancel Culture. The Guardian published the truth, perhaps ahead of schedule. There are those pushing for lockdowns every two years to meet the Paris requirement of ZERO CO2. Everyone’s future is to change, and they never ONCE allowed anyone to ever vote on this agenda. These people understand that civil unrest is on the rise. They desperately need a diversion. Russia is providing that for now.

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Will people support this war against Russia and draft people to go to Ukraine? Will that be the turning point? Are you willing to send your children or yourself to fight for Ukraine over the Donbas, which is the home to Russians, not Ukrainians, for hundreds of years when it does not impact our lives? They know there will be resistance. If it is too great, you will suddenly see the need for climate change lockdowns.

10 Million-Year-Old Tree Fossil Explains Natural Climate Change


Armstrong Economics Blog/Climate Re-Posted Jul 5, 2023 by Martin Armstrong

The Earth contains the blueprint for ancient life. Ice core samples and tree fossils have taught us much about the seemingly undocumented world. Researchers at Central Andean Plateau in Peru have made a groundbreaking discovery within a 10-million-year-old well-preserved tree fossil. Their findings further prove that climate change is a naturally cyclically occurring phenomenon.

Ten million years ago marked the late Miocene Epoch period, a time of global cooling. Sea levels and rainfall declined, rainforests began to deplete, and numerous animal and plant species became extinct in favor of new species that could withstand the climate. Humans could not be blamed for this shift as homo sapiens did not exist.

The ancient tree and other samples show that the ecosystem of South America has undergone significant changes. The climate was more humid and diverse than previously believed, shifting to a dry and scarce environment. Researchers noted that elevation significantly rose from 2,000 meters to 4,000 meters, a primary factor for the change in climate.

Fossils dated 5 million years old reveal that the climate had already shifted by then and resembled the puna-like ecosystem of today. The dry and scarce environment changed to one of greenery and abundance. Researchers now believe shifts in the tectonic plates that slowly occurred over millenniums influenced climate change.

The planet is constantly changing and evolving. Humans are not responsible for the cyclically changing landscape of Earth.

Hunting and Fishing Bans


Armstrong Economics Blog/USA Current Events Re-Posted Jun 27, 2023 by Martin Armstrong

The Biden Administration is making sure Americans turn to lab-grown fake meat by placing restrictions on fishing and hunting. They do not want us to live off the land or have access to free food. Big government will provide everything you need. The U.S. Fish and Wildlife Service (FWS) issued its 2023-2024 hunting and fishing rule manual that lists new limitations on hunting. Stores will no longer be permitted to sell certain fishing tackle or lead ammunition.

The elites have been attempting to implement these laws for some time under the guise of climate change. The Center for Biological Diversity won a lawsuit in 2021 to repeal a Trump Administration law that permitted hunting and fishing on 2.3 million acers across 147 fisheries and wildlife refuges.

“In conservation, the very essence of Teddy Roosevelt was multiple use, public access, the best science, greater good, longest term,” he continued. “That’s the American conservation ethic, which largely stems from Roosevelt and Pinchot and managing our forests. Hunting was core to that,” he stated. “This is a state issue. It should not be agenda based, it should be based on science. The state fish and wildlife experts evaluated within their respective boundaries and borders,” Zinke said. “If the environmentalists really wanted to get concerned about the bird population, maybe they should look at the 750,000 plus birds that are chopped up by wind and increasing.”. Ryan Zinke, R-Mont., stated, noting hunting and fishing is a priority for Montana residents.

They have no proof that lead ammunition is hurting the wildlife population. The government has told hunters to carry bear spray when out in the wilderness as they are attempting to phase out lead ammo by 2026. What’s next? Will they tell us to remove our gardens to conserve water? Prevent personal fertilizer purchases? This is not the land of the free, as the land is no longer ours to live off of as nature intended.