Storm insurance reforms still needed, expert says
The James Madison Institute and R Street Institute released a policy brief last week,”Shoring Up Florida’s Property Insurance Market,” in which the organizations argue for the Legislature to pass reforms to “eliminate cost drivers and ensure fiscal stability in an active storm season.”
“Florida’s total coastal exposure now stands at $2.9 trillion, with more property at risk than all of the other ‘hurricane alley’ states combined,” said the brief’s author, R.J. Lehmann, R Street co-founder and an adjunct scholar at the James Madison Institute.
