Property Insurance2018-05-03T20:09:25-04:00

Property Insurance

Since Hurricane Wilma made landfall on Oct. 24, 2005 in Collier County, Florida has not experienced a direct hit in more than a decade. Nevertheless, Florida’s position as a low-lying tropical peninsula jutting 500 miles into the most hurricane-active waters in the world is the same today as it was 10 years ago or 100 years ago.

While the state’s geography and risk profile haven’t changed, its built environment and the number of lives and amount of property at risk of hurricanes and severe weather have grown dramatically. Though the state’s population shrank slightly during the Great Recession, it has almost tripled since 1970 and is continuing to grow.

Florida’s total coastal exposure now stands at more than $2.9 trillion, with more property at risk than all of the other “hurricane alley” states (Louisiana, Virginia, Texas, North Carolina, South Carolina, Georgia and Mississippi) combined.

In this environment, JMI is committed to producing sound, practical, and market-based solutions to the challenges faced by assignment of benefits abuse, state-owned insurance schemes, and the need for an actuarially sound property insurance system in Florida.

Recent News

Statement Release: JMI Applauds the Introduction of New School Choice Initiative

By |January 22nd, 2021|Categories: Statements|Tags: , |

FOR IMMEDIATE RELEASE January 22, 2021 CONTACT: Emerson W. George 850-320-3803 emerson@jamesmadison.org   THE JAMES MADISON INSTITUTE APPLAUDS THE INTRODUCTION [...]

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STATEMENT RELEASE: James Madison Institute Releases New Report With National Taxpayers Union Foundation On Remote Sales Tax Collection Policy

By |January 12th, 2021|Categories: Statements|Tags: , , , , |

FOR IMMEDIATE RELEASE January 12, 2021 CONTACT: Logan Elizabeth Padgett 850-386-3131 JAMES MADISON INSTITUTE RELEASES NEW REPORT WITH NATIONAL TAXPAYERS [...]

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STATEMENT RELEASE: New JMI Report Calls For Market-Based Reform To Improve Nursing Home Care

By |January 5th, 2021|Categories: Statements|Tags: , , , , , |

FOR IMMEDIATE RELEASE January 5, 2021 CONTACT: Logan Elizabeth Padgett 850-386-3131 NEW JMI REPORT CALLS FOR MARKET-BASED REFORM TO IMPROVE [...]

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Protecting Florida’s Most Vulnerable: Market-Based Reform to Improve Nursing Home Care

By |January 5th, 2021|Categories: Publications|Tags: , , , , , |

By: Vitorio Nastasi, Policy Analyst, Reason Foundation; Adjunct Scholar, The James Madison Institute Click here to read the full PDF [...]

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The Massive SolarWinds Hack Won’t Stop the Feds from Wanting All Your Data

By |December 22nd, 2020|Categories: Press|Tags: , |

Governments often tell their subjects that they must submit to surveillance programs to stay safe. Whether the boogeyman is terrorism, [...]

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