As a longtime Florida resident, I have witnessed the destructive power of hurricanes on the lives and properties of countless Floridians and others across the Atlantic and Gulf coasts. Hurricanes can pack such enormous power that they have literally altered …
Insurance markets have evolved over the years to become increasingly global, interconnected, and convergent — a trend that will undoubtedly continue in years to come. The National Association of Insurance Commissioners (NAIC) is committed to coordinating with our regulator colleagues …
Florida Insurance Commissioner Kevin McCarty sent a letter to the state’s media outlets on April 9 regarding the current property insurance system and what should be done to improve it. In it, he says the exodus of national carriers from …
It is always interesting, and frequently amusing, to read various “research” pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in the world, agree that the Florida property insurance market provides …
