Along the Gulf Coast, many homeowners can no longer afford insurance on their homes. The Pensacola News Journal reported this morning that homeowners must "either move or cut household spending to make ends meet."

After the area was hit by Hurricane Ivan on Sept. 16, 2004, many along the coast have seen their insurance increase to $8,000 a year. Many insurance companies have fled the Gulf Coast, and consumers are lucky if they find anyone to insure them at all.

Personally, I don't live anywhere near the coast, and my homeowners insurance is $2400/ year.

Here are some findings from Gannett newspapers in Florida;

1) One-third of Florida voters say they cannot afford their home insurance bills and either must move or cut household spending to make ends meet.

5) But Gov. Jeb Bush and industry executives want to wait until after the election to consider changes. They hope voter fervor will subside and they can pursue more market-friendly, long-term solutions in the Capitol.

Yes, I'll bet they want to wait until after the election to do....nothing?

The 2006 hurricane season in Florida was a quite one. If hurricanes continue their cycle of the past 10 years, the State of Florida may be witnessing a deja’vu of the Florida Land Bust of 1926.