The Florida property insurance coverage market is in bother.
“For the final two years, the personal corporations working in Florida have had a mixed destructive web revenue of $1 billion. So, the market is basically shutting down.”
It is dangerous for owners too.
“Customers are on life help proper now. They’re … paying more cash for much less protection.”
“Florida has 8% of the claims and 79% of the litigation, so there’s one thing very, very flawed with that.
“And I do not suppose anybody logically may clarify that sort of differential aside from the statutes in Florida being abused.”
At the moment, On Level: Florida’s property insurance coverage meltdown. Can it’s mounted?
Jeff Brandes, Republican Florida state senator since 2012. Creator of Senator Jeff Brandes Requires Particular Session on Insurance coverage. (@JeffreyBrandes)