By Matt Kelly Citizens Property Insurance Corporation was formed by the Florida Legislature in 2002 for the purpose of serving Florida’s residual property insurance market. Its creation was justified by the argument that middle-income residents have a tough time purchasing insurance in a hurricane-prone state like Florida, and public subsidies were needed to even the … Continue reading Citizens Property Insurance Corporation is Regressive and Risky
By Matt Kelly On February 17th, 2015, Florida state Senator Anitere Flores filed SB 1006, which would place restrictions on shifting insurance policies from state-backed Citizens Property Insurance Corporation to private sector insurers. Citizens’ policyholders would be notified before being transferred to private insurers, who would be barred from increasing premiums more than 10% annually … Continue reading Depopulation of Citizens Property Insurance Should Continue
By Matt Kelly Many readers will remember the hurricane season of 2004 as a chaotic time to be a Florida resident. The Sunshine State received four torrential storms that year, causing $45 billion in losses. School was cancelled, streets were covered with debris, and 37 lives were lost. Since 2005, Florida has experienced a nine-year … Continue reading Florida’s Dysfunctional Property Insurance System
Post date: June 27, 2013 Article by: Gary Chong-Qui In past years, a stigma seems to have followed people moving back in with their parents after college. Most undergrads think they’ll have their lives sorted out by the time graduation day comes, or at the very least have some direction for moving on. The statistics … Continue reading Housing Formation in a Recession
Original post date: March 22, 2013 Article by: Sam Staley Gaines Street is the "it" place for Tallahassee's economic redevelopment initiatives, skirting the northern edge of the sourthern border of the Frenchtown/Southside Community Redevelopment Area. With large new projects going up along the corridor--the College Town mixed use project alone is expected to add 72 … Continue reading Buildings Don’t Create Permanent Jobs
Original post date: February 25, 2013 Article by: Anonymous Matthew E. Kahn of UCLA’s Institute of Environment concludes in a study published in the Journal of Urban Economicsthat cities with a majority of citizens registered in political parties with liberal tendencies—the Democratic Party, Green Party, and Peach and Freedom Party—issued fewer new housing permits than … Continue reading Do Left-Leaning Cities Oppose New Housing?
Original Post date: July 10, 2012 Article by: Anonymous The subtitle of a recent Miami Herald Business Monday (6/18/2012) article read: “South Florida's real estate market suffers from depressed prices and low inventory [emphasis added].” With an average decrease of 49% in real estate values from the housing peak in 2006, perhaps suffering is an … Continue reading Is Florida Headed for a Seller’s Market?