As the Florida Legislature gets set to convene in January, a new survey suggests most would be willing to pay more in insurance costs if it meant avoiding assessments for the state’s cat fund.
Posts tagged as:
Citizens
Floridians favor cat fund fix
Creating a national disaster insurance program backed by the federal government would encourage further coastal development in hazardous areas and would effectively subsidize the destruction of wetlands, dunes and other natural defenses to storm surge, Florida Wildlife Federation President Manley Fuller argues in an op-ed that appeared in a number of Florida daily newspapers. Rather [...]
Last year, Citizens paid out nearly $250 million in claims while only collecting a little over $30 million in sink hole premium. Essentially, Florida doesn’t have a sink hole problem, but rather an insurance claims problem, writes Florida director Christian R. Cámara.
Yesterday, Out of the FIRE discussed the growing problem of sinkhole claims in the Florida insurance market, citing a piece by Heartland Senior Fellow Don Brown. Florida’s P&C insurance problem is a potential fiscal nightmare. The financial burden created by the state’s government-run insurer Citizens Property Insurance Corporation and Catastrophe Fund could drown the state in the [...]
← Previous Entries
