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155 mph in June, Jesus Christ. Thing might be a Cat 5 in a few hours.
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I am think we are gonna have a major crisis in the next month when one of these hits Florida, or the gulf coast.
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I have been trying to warn people that we’re not really prepared for a Cat 5 landfall in Miami or Tampa.
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And it my understanding the Florida insurance market is really fucked and not in a great financial situation.
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The state insurance provider of last resort isn't solvent. Even on sky high premiums it can only pay out a proportion of any claim.
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I don't think there's enough money. Florida would have to issue bonds first and there's not enough in FEMA's coffers to make a dent.