Summary
Florida officials now understand how the business of insurance works in Florida and how much it really does cost.
Analysis
The is actually some refreshing news. The state of Florida has now learned how costly it is to be in the business of insurance. From reading the article, this writer believes rate increases will also be allowed for other carriers, at least to the point that they can keep up with the rate increases given them by their reinsurers. As the article states, Citizens must begin charging rates that are sound - actuarily sound.
This author consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
