Orlando Sentinel: A Year End Review of Insurance Regulations

This piece, published for the Orlando Sentinel, reviews the recent steps that Florida regulators and policymakers have undertaken to reform insurance regulations that were putting taxpayers and consumers at risk.  The piece reviews changes that were made in 2015 and makes policy suggestions for 2016.  It is available online at the Orlando Sentinel.

FORBES: Fraud Pushing Up Premiums In Florida

By some accounts, Florida has the highest homeowner’s insurance rates in the country and rates keep rising, despite not having a major hurricane in the last decade. The culprit – a concentration of non-weather related water claims. In many cases, these claims are pushed along by unscrupulous contractors and attorneys. According to Citizens Property Insurance […]

Perverse Incentives for Flood Insurance Harm Taxpayers

The National Flood Insurance Program (NFIP) chronically subsidizes the flood insurance premiums for high risk homeowners, offering them premiums that are lower than the predictable payouts. These subsidized homeowners live in areas proven to be flood-prone. Their dwellings are repeatedly insured, then flooded, and then re-built with NFIP money. Since the re-build costs are much […]

Preparing for the Storm

While there is no preventative measure to stop a hurricane from reaching Florida, preparation is paramount and it requires going beyond buying generators and stocking up on batteries, bread and water. It requires financial preparation, which is something that Florida leadership has been focused on in recent years. In March, Citizens Property Insurance Corporation, the […]

ACI in the Gainesville Sun: Better Prep for the Storm

While there is no preventative measure to stop a hurricanes from reaching Florida, preparation is paramount and it requires going beyond buying generators and stocking up on batteries, bread and water. It requires financial preparation, which is something that Florida leadership has been focused on in recent years. Fortunately, progress is being made, despite some […]

Florida’s Insurance Repair Shenanigans

Each year some Florida homeowners deal with wind damage or flooding from faulty plumbing or similar unforeseen mishaps that are covered under an insurance policy.  Naturally, water removal and roof repairs often need immediate attention to lessen the spread of the damage. Homeowners are usually stressed when they call for urgent help from a tradesman […]

ACI on Florida’s Insurance Problem

Alan Daley has an op-ed that highlights the urgency for insurance reform in Florida.  The piece is available online in The Tallahassee Democrat.   The Calm before the Financial Storm Florida has a government-run entity called Citizens Property Insurance Corporation that was created to insure consumers and small businesses who cannot find an insurer offering […]

Property Insurance: What Happens After the NC Hearing?

The Homeowners Insurance Rate Hearing finally began last week in Raleigh after being threatened by the North Carolina state Insurance Commissioner Goodwin back in January. It was pretty clear that unless the Rate Bureau and the member insurers withdrew the request, there would be a hearing. Since the leadership of the Rate Bureau believes its […]

Navigating the Maze of Homeowner Insurance

Approximately 40% of the US population lives in a coastal county, and that percentage is expected to continue to increase over the next decade.  Their homes are often high value and face greater risks than properties further inland. According to the recent Storm Surge Report by CoreLogic, over 6.5 million homes along the Atlantic and […]