When housing prices were building into this insanely obvious bubble, with the total collusion of the real estate and banking industry? Remember how they hounded people for being "underinsured", because you house was appreciating SO much in value? (Hey, you need to strip some of that ballooning equity for a new car, boat, or vacations? We can sure do that). Well, where are all those letters telling you, now that your house's value is sinking like the Titanic, that you are OVERINSURED??? We need to decrease your coverage! And LOWER your premiums!By half! Because it must work both ways. DOESN'T it?? This business is vile. These premium increases will be used to buy huge mansions all over the world for thier executives.Just look at what they stay in here,when they're stopping by to pick up thier suitcases of money on the way to the Caymans and Switzerland.This is simply evil.But, as always, many will call it good old capitalism.True capitalism is when businesses COMPETE to sell you things you don't HAVE to buy.And get wealthy from it if they do a great job. This is so not that.Not even close. Thank God, I am able to self insure, and it should be one of your primary financial goals,even before other investments). (One more reason to not buy too much house).As many of us as possible MUST escape this ratrace, or they will destroy us with thier greed. There will be no end to this. They, with the banks, know they have you in a headlock. Medical insurance, and expenses may still destroy me financially.(Trying to live a healthy life is self insuring, to some extent).It's not the way it has to be. Or should be. But it's the way it is. Greed. By the way, even though I've paid staggering amounts of insurance premiums in the last 40 yrs.,I've never received even 1 dollar in a claim, incl. medical.I bought me a yacht.And a Rolls-Royce. For some already really rich guy. Just the way it is... Cheers.

got what they wanted...FIRM was a mere stepping-stone to forward their agendas..... Federal windstorm insurance is what we need. But then you'll have to deal with that other piece of wasted flesh....Illeana

... why are we still paying higher and higher premiums to insure them, hm??? And don't tell me premiums are based on construction costs to replace them -- we know better. When home values were unrealistically inflated, the insurance industry saw an opportunity to raise rates so they could make investments for their stockholders. Homeowners didn't mind because they'd eventually sell at huge profits... but no more. It's more a matter of insurance companies having made bad investments than real actuarial statistics that caused insurers to lose money. They sure didn't lose money on the measly payout of one new (and cheap) roof on our home out of the 32 years we've paid for insurance.

At some point soon! 11.5% increases compounded anually will result in rates almost doubling in 6 years, and tripling in 10 years. No one will be able to afford a home with a mortgage anymore in the Keys. The only folks who will be able to afford to own a home here will be rich people who buy second and third homes with cash and don't have to carry insurance. Everyone else will be driven out.