Chilean Earthquakes and The gulf Oil spill are to blame, but who will pay for this really?? Not BP, but the consumer’s(us) as Insurance rates on all products including Home Insurance here in Florida that is reinsured  by Lloyd’s and other reinsurer’s as well will simply raise rates to cover their losses.Go figure, but we always have to pay  it is just a question of how the cost get’s to us and because we share it all equally(not), it is esasily shared this way. Sorry for the bad news, but this does mean that  Property Insurance rates will be on the rise next year significantly! The OIR  and the Insurance commissioner will have to approve the rates since they are just being passed on. Please read the article on Lloyds profit’s and losses;