Florida just experienced back-to-back hurricanes. Clark’s vacation home in Florida suffered severe damage. He didn’t have hurricane shutters, but it wouldn’t have made much of a difference because the condo is on the first floor. The home was hit with 80 to 90 mph winds for about eight hours, and most of the damage was uninsured. He’s going to have to deal with a lot of headaches. But if this was simply a news story for you, get ready for some good news. Your homeowner’s insurance rates will not go up. The insurance industry lost a lot, but most of the money will be absorbed by individuals, companies and families. Secondly, because of Hurricane Andrew, many companies went to what are called “reinsurance pools,” which means they sold off a lot of risk. And lastly, the state of Florida has a risk pool system for this very occurrence. So, the actual affect on the insurance companies is minimal, and these hurricanes won’t cause your insurance rates to go up.