The State of Florida’s Property Insurance Market 2011
Florida’s property insurance market has been in a state of flux since Hurricane Andrew in 1992. The confluence of storm activity, population growth, changing demographics, legislative and regulatory reform has driven a market evolution. This comprehensive report puts it into context and offers recommendations on how best to stabilize the marketplace and correct the mispricing of the state’s catastrophic risks. Released in December 2011, the report was prepared for the Florida Legislature by the Florida Catastrophic Storm Risk Management Center at Florida State University.
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