Milton rapidly intensified to a Category 5 hurricane late Monday morning.
Within hours, Milton strengthened to a Category 2, then a Category 3, then a Category 4 and finally a Category 5.
Milton now ranks as the third-greatest 24-hour wind speed intensification for a hurricane in the Atlantic Basin. (Records are based on data since the satellite era began in the 1960s.)
They’re actually required to give 85% of everything back, so they give back most of it. It seems like Florida is becoming too much of a hassle to insure, though. Some companies have pulled out of florida.
Everyone in FL should have pulled out.
This joke works on multiple levels and I’m happy about that.
Holy shit a triple entendre!
https://www.youtube.com/watch?v=d8GR0KDYtNQ
Does that 85% include their costs or is that the full amount returned to policy holders?
Full amount that is legally required to pay back out in insurer coverage every year. The other 15% covers pay roll, rent, buildings, bonus’, overhead, etc. Literally everything else. Same deal for medical insurance.