Articles
- PROPERTY INSURANCE STABILITY REPORT July 1, 2023 _ Florida Office of Insurance Regulation
- https://floir.com/docs-sf/default-source/property-and-casualty/stability-unit-reports/july-2023-isu-report.pdf?sfvrsn=8566a813_2
- Notes
- 1 st Qtr 2023 income for Florida property insurers $60m (not including Citizens)
- Claims litigation up
- 2022 loss reserve development $772m higher than expected at 2 year
look back - Out of 110 property insurers 18 were referred to OIR’s stability unit for
enhanced monitoring
- Trends and Insights: Addressing Florida’s Property/Casualty Insurance Crisis_Insurance Information Institute
- Insurer’s Retreat in Florida Signals Crisis With No Easy Fix_ New York Times_July 14 2023_ Emily Flitter
- AAA pulls back from offering insurance in Florida, following Farmers_CBS _ Money Watch
- US property cat reinsurance rate-on-line Index now up 35% YTD: Guy Carpenter_artemis.bm
_July 5 2023
Videos
- Farmers to stop offering auto, home and umbrella _ WJXT 4
- AAA Home Insurance dropping some Florida customers_ WKMG News 6 Orlando
- Florida woman property insurance bill goes up 80% _wfla.com
Background
- 2022 U.S. billion dollar weather disasters _ Climate.gov
- Federal Insurance Office report, “Insurance Supervision and Regulation of Climate-Related Risks_June 2023
One Comment
Hi, Peter.
One suggestion. Link with John Rollins on Linked-In. He used to be (may still be) on the Citizens P&C board.
Intelligent, close-to-the-source, interesting insights.
John