Catastrophe Insurance


Florida and Reinsurance – Pulling Back the Covers
Jerry Theodorou

The Florida Legislature will conduct a special session during the week of December 12 focusing on fixes for a failing, flailing insurance market in the state that has reached crisis levels. Symptoms…

Reinsurance and Why it is Critical for Helping Florida Rebuild After Ian
Jerry Theodorou

It has been three weeks since Hurricane Ian struck Florida on Sept. 28, 2022. The storm took at least 119 lives and caused estimated insured losses ranging from $31 billion to $74 billion, with most…

, Risk & Insurance
Hurricane Ian’s Aftermath and the Insurance Implications
Jerry Theodorou

From Risk & Insurance:

“Hurricane Ian exposed the danger of Florida homes not being insured for flood risk. There are 7.3 million single-family homes in the state, but only 1.6 million have…

Radio: Florida’s Homeowners Insurance Market in Trouble Well Before Hurricane Ian
Caroline Melear

R Street Institute Resident Fellow Caroline Melear joined WNZF News Radio to talk about how Hurricane Ian could spur lawmakers to fix longstanding issues in Florida’s homeowners insurance…

Hurricane Ian devastates Florida. Will it collapse the homeowners insurance market?
Caroline Melear

Hurricane Ian, a massive and powerful Category 4 storm, made landfall on the gulf coast of Florida on Wednesday. With unprecedented storm surge of 12 to 18 feet and winds around 150 miles per hour,…

, Insurance Journal
Insurance Issues in 2022 – What to Expect
Jerry Theodorou

Unusual loss trends in 2021 called on the property & casualty insurance industry to play its role as the economy’s financial first responder. A look back at the most extreme loss patterns of…

, Insurance Journal
Unusual Weather We’re Having, Ain’t It?
Jerry Theodorou

A scene in The Wizard of Oz finds Dorothy, the Cowardly Lion and Scarecrow in a poppy meadow with snow coming down. The Cowardly Lion says, “unusual weather we’re having, ain’t it?” If Bert…

The insurance industry’s role in combating the climate crisis can be a win-win
Sarah Wall

The conclusion of the 26th Conference of Parties (COP26) last week in Glasgow ran the gamut of media mentions. There was the good, such as the unexpected pledge of climate cooperation between the…

, Savannah Morning News
Georgia insurance commissioner: Biden’s proposed ‘hurricane tax’ threatens Georgians
Lars Powell

From Savannah Morning News:

A report by the conservative and libertarian think tank R Street Institute found that this “hurricane tax” would increase total property insurance premiums in…

, The Center Square
Florida TaxWatch: ‘End or modify’ the National Flood Insurance Program
Lars Powell

From The Center Square:

But FTW cites R Street Institute research showing the private flood insurance market grew by more than 50% in 2017 and now represents 15% of all flood insurance policies…

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