Seeking Alpha
The Unsustainable State Of The Florida Property Insurance Market, Part I
Oct. 27, 2014 11:09
This is the first of a four-part series on the evolution of the Florida property insurance market.
Regulation and conflicting policies have created a dysfunctional market that has distorted pricing, undermined competition and burdened taxpayers with enormous risks.
Florida has 5% of the total U.S. population, but 50% of hurricane exposure due to political policies that subsidize coastal development to maintain “affordability”.
History shows that periods of relative calm are punctuated by catastrophic losses that create chaos in the insurance market.
Notes: [1]Ten Reforms to Fix Florida’s Property Insurance Marketplace , The James Madison Institute, November 2013 [2] Pulitzer.org/archives /9192 [3 ]Article: http://bit.ly/1tOxjqY
