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

Preparing Florida’s Government Policy for The Next Big Hurricane

by Chad Thomas Political and economic conditions in New Orleans before 2005 left the city unprepared for Hurricane Katrina. The government bureaucracies responsible for levee maintenance were mismanaged and corrupt officials diverted needed funds. Weak economic performance before Katrina also set up affected areas for slow recovery afterward. New Orleans’ experience shows how government can … Continue reading Preparing Florida’s Government Policy for The Next Big Hurricane

Anti-Price Gouging laws Hamper Storm Recovery

By Chad Thomas Prices can tell us a lot. They communicate information about the value of resources in an economy and coordinate action among a myriad of buyers and sellers, many of whom have never met. The price system often comes into question in the aftermath of a natural disaster like Hurricanes Hermine and Matthew, as … Continue reading Anti-Price Gouging laws Hamper Storm Recovery