Explain to me how your business model is to insure properties in an area where we know there will be continued tropical storms impacts and the nation’s fastest rate of sea level rise, but not have the resources to cover the losses.

“But the recent hurricanes occurred after Katrina had reshaped the Louisiana insurance market by chasing away large national insurers that could absorb huge losses. They’ve been replaced by smaller regional insurance companies that lack the reserves to handle catastrophic losses and rely on reinsurance, which is becoming increasingly scarce and costly.”

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