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 […]
For decades housing was a buoyant force in our economy. Lately it has been a dead-weight in the lives of many who are in or who are approaching retirement. Their retirement portfolios are not generating enough income to pay the bills, and because of spotty employment, many are failing to make regular contributions. A generation […]
Although the waters have been seemingly quiet this hurricane season, National Hurricane Center data reminds us that the Atlantic Ocean’s fourth named tropical storm usually doesn’t form until the end of August. With Andrea, Barry, Chantel and Dorian already named, it is possible this is the year that Florida’s good luck runs out. According to […]
With the start of the legislative session just weeks away, the American Consumer Institute Center for Citizen Research (ACI) today released the whitepaper “Welfare for the Rich: How Citizens Insurance Corporation Harms Floridians.” As a nonprofit educational and research institute that seeks to be a better and more reasoned voice for consumers, this paper analyzes […]
This Op-Ed provides evidence that those benefiting from subsidized homeowners insurance are wealthier and have higher incomes than those Floridians being asked to subsidize this insurance. The article was published in the Tampa Tribune today and can be read here.
“Beware of Insurance Regulation” was published on July 16, 2012 and can read at this website.
For years, Florida’s property-insurance crisis has remained unsolved, with an ever-building mountain of unfunded debt obligations building up, driving up consumer costs, creating unnecessary risk and uncertainty, hampering Florida’s economic recovery and discouraging insurance competition for your business. Epitomizing these crises, Florida Hurricane Catastrophe Fund leadership has testified to the governor and the Legislature that, […]
ACI has just released an extensive study on the consequences of price regulation of insurance. It finds that regulated insurance prices eventually become higher than they would have been, had no price regulation been in effect. In other words, price regulations fail miserably for consumers, lead to higher industry costs and eventually higher consumer prices. Furthermore, inadequate premiums lead to […]
Price regulation of property and casualty insurance in Florida has been a failure, according to a new ACI study released by the American Consumer Institute. The study shows that Florida insurance prices were 30% above the national average just 10-15 years ago, but today they stand at 90% above the national average, despite the state having […]
In today’s special commentary for the Ft. Worth Star Telegram, Pociask fact-checks the current political rhetoric on Texas insurance price regulation. He finds that the facts don’t support today’s policy and their directions, and these pricing policies appear to be making consumers worse off. How is it that price regulation leads to the second highest rates in the country? […]