Giovanna Dasilva The National Flood Insurance Program (NFIP), implemented in 1968 to address a market failure in the flood insurance sector, has been the subject of scrutiny following hurricanes Harvey and Irma. Increasing the scope of the private sector has often been cited as a potential solution to the NFIP’s pitfalls. However, there are challenges … Continue reading Challenges to Privatizing Flood Insurance
Citizens Property Insurance Corporation Still Vulnerable to Underfunding
By Chad Thomas Florida’s Citizens Property Insurance Corporation (Citizens) is a state-run insurer of last resort for commercial and residential property owners unable to afford a policy in the private market. Citizens tends to insure wealthy homeowners along the coast, where property values and the risk of damage are highest. In 2002, the Florida Windstorm … Continue reading Citizens Property Insurance Corporation Still Vulnerable to Underfunding
Citizens Property Insurance Corporation is Regressive and Risky
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
Florida Legislators Seek To Clarify Ridesharing Regulations
By Matt Kelly The ridesharing technology company Uber has created quite a controversy overthe past year for its unprecedented disruption of the traditional taxi industry. Users praise the California-based company for shorter wait times and cheap fares, along with features like its driver rating system. Given the mobile app’s popularity with customers, many are now … Continue reading Florida Legislators Seek To Clarify Ridesharing Regulations
Depopulation of Citizens Property Insurance Should Continue
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
Florida’s Dysfunctional Property Insurance System
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
Obamacare Opens Up New Opportunities for Profit
Original post date: December 03, 2013 Article by: Anonymous The Affordable Care Act has many flaws and critics, but entrepreneurial individuals have found a way to profit from the law, and investors are eager to take advantage of these openings. With new online exchanges, new policies and regulations, and millions of individuals affected, several service … Continue reading Obamacare Opens Up New Opportunities for Profit
Preliminary Prices on Obamacare Exchanges Exceeds Estimates
Original post date: October 30, 2013 Article by: Anonymous Now that October 1 has passed, the online marketplaces for health insurance under Obamacare are open for business. Individuals are free to browse the site and choose any policy available to them after answering some questions and being guided through their options. So far, site traffic … Continue reading Preliminary Prices on Obamacare Exchanges Exceeds Estimates
Obamacare Exchanges Limit Insurance Choices
Original post date: September 16, 2013 Article by: Anonymous While Florida decided against setting up the insurance exchange that’s part of Obamacare, many states are on board with the idea. This gives the states that are sitting out of the exchange game for now an example of how it will be implemented and what the … Continue reading Obamacare Exchanges Limit Insurance Choices
The DeVoe L. Moore Center Blog 