Florida Insurance Rate Hike Crisis - BlackRock’s ESG Influence Causing Industry Exodus?
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 30 October 2023
⏱️ 22 minutes
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Summary
Patrick Bet-David explains why the Florida insurance market has gone up 900% and how BlackRock is likely the cause behind it. Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://bit.ly/47csjS2 Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: https://www.masterworks.com/cd Connect With Experts On Minnect: https://bit.ly/475dY9I Enroll in the Vault Academy: https://bit.ly/479IsY7 Get Expert Business Advice With Bet-David Consulting: https://bit.ly/3QpeuZI Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Visit our website: http://vt.com/ Text: PODCAST to 310.340.1132 to get the latest updates in real-time! Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves
Transcript
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| 0:00.0 | So recent article came I would use to be talking about insurance premium in the state of Florida is up in some places 900% |
| 0:07.2 | and you read this article oh my god this whole Florida thing maybe it's a gimmick maybe they're not doing as good of a job |
| 0:12.4 | and if you look at the article says 275,000 people left the state of Florida in some places premiums gone from $1,700 to $4,200 per year |
| 0:22.0 | how are people making these things happen farmers massive company just announced they're leaving the state of Florida |
| 0:27.8 | it was so bad that the CFO of Florida Jimmy came out and said farmers is the bud wiser and hyzer bush |
| 0:35.0 | of the insurance industry because they follow this ESG score so what is really going on in Florida |
| 0:39.5 | are they targeting the santis are they targeting Florida because they have the best reputation during |
| 0:44.1 | COVID in California got destroyed who knows what I do know is we got all these slides to go through |
| 0:48.8 | today on what the hell is going on in Florida with insurance okay so if you get value out of this video |
| 0:53.0 | give it a thumbs up subscribe to the channel but listen to the people from California you're watching |
| 0:56.8 | this video saying oh my gosh finally redemption time he's going to attack Florida and California is going |
| 1:01.9 | to come back to being the winner hang tight listen the reason why I have a different perspective than |
| 1:06.7 | some of you is for the following reason imagine if a man had dated Marilyn Monroe Elizabeth Taylor |
| 1:12.8 | and Sophia Loren to me all dimes right he can probably give you perspective on all three now I |
| 1:19.4 | have not dated those three okay but I have dated California for 24 years I dated Texas for five |
| 1:25.2 | years and I'm still dating Florida for 20 half years to kind of give you some context having said |
| 1:29.7 | that before you jump to conclusion whether you're pro-Florida pro-Texas or pro-California |
| 1:34.4 | hang tight to the end of the video when you jump to conclusion wait for the data let's get right into |
| 1:39.2 | it so stats home insurance premiums have tripled in the state of Florida the past five years |
| 1:43.6 | floor average is more than $4,200 per year national average is $1,700 some insurance premiums have |
| 1:48.9 | risen by nine times what they were in 2020 to according to the chief executive of NSI insurance |
| 1:54.1 | group and construction cost has risen by 40 percent since 2017 again they give this data |
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