So once we’re using the best data and analytics, more accurate insurance pricing based on better risk assessment should result. But how do we close the persistent disaster protection gap and help individuals and …
One doesn’t have to be an accountant to understand that red means danger and in this Florida Domestic Property Insurers Summary of 2020 Year-End Financial Results it means a financially dangerous trend. Net Underwriting Losses by …
Our Florida property insurance market update this week includes new population projections and trends from state-backed Citizens Property Insurance, new guidance from regulators on hurricane preparedness and response, and fresh insights from Guy Carpenter on …
I had the pleasure of listening to some terrific speakers at this past week’s National Flood Conference, which was held virtually this year because of the coronavirus pandemic. Of particular interest was the growing number …
A new study identifies nine counties in Florida facing the greatest risk of property devaluation from flooding in a worse-case projection through the year 2050. Damage from a 100-year storm surge event in Florida …
The Florida Legislature’s budget negotiations over this past weekend included an additional $25 million in state health department funding to fight the spread of both the coronavirus and hepatitis A, for which a public health emergency …
A new survey shows cyber attacks now top the list of concerns among businesses. Meanwhile, attacks this year on Florida municipalities that have cost insurance companies more than $1 million have prompted the creation …
Two Florida cities have been recent victims of cyber attacks that have cost their insurance companies collectively more than $1 million in ransom payments to get the seized data and paralyzed computer systems restored. A third …
Insurance companies rely on reinsurance to provide the financial backing to help pay claims from big storms such as Hurricanes Michael and Irma and whatever the upcoming 2019 Atlantic hurricane season has in store for us. …
