Insurance Companies Suspend New Policies In Path Of Hurricane Irma

Remember the line, "It’s nothing personal, just business?” It appears in just about every mobster movie, including The Godfather. Usually you’d peg those shady trench coat-wearing types as the ones who say that and not Flo from Progressive, but according to the latest from Bloomberg, the overly cheery insurance agent and some of her competitors are cutting insurance policies for new car owners in the path of Hurricane Irma, all in the name of doing business.
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valhallakey - 9/8/2017 2:48:07 PM

+2 Boost

Smart move, best for the bottom line and execs pockets!

malba2367 - 9/8/2017 5:47:47 PM

+3 Boost

Why is this even in the news. All of Florida is in the eye of this potentially devastating storm. Anyone who is shopping for vehicles at this time clearly does not have their priorities in order. The State Government should mandate closing all business that are not selling products needed for storm preparation/food/medication etc. People driving around shopping for cars as well as other non necessary items add traffic to roads making it more difficult for others to evacuate.
Yes the car dealers lose a selling week, but I am sure they will more than make up for this with all the flooded vehicles that will have to be replaced. Also, the vast majority of people who would have bought a car today will buy one next week instead if they can't insure the vehicle today.