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URL:  http://boards.fool.com/either-i-am-missing-the-joke-or-the-person-who-22400904.aspx

Subject:  Re: Catastrophe Modeling: A New Approach to Mana Date:  4/25/2005  2:18 AM
Author:  activeREinvestor Number:  292 of 297

Either I am missing the joke or the person who posted does not understand.

The insurance company was a FL company. They are part of a larger insurance company but operate in FL as a separate legal entity. They have many 'offices' so location of the 'office' was not the issue.

The FL business sustained losses that were larger then expected. It was true for almost all the P&C insurance companies in FL at the time. Many were going to pull out of FL rather then write new coverage. This was up until the FL laws and rules were changed (some to force the insurance comp