Last year, I wrote after Hurricane Ian that the FHCF may collapse due to the size of the loss. While the Fund has not gone bust yet, it is perilously close. What follows is an update on the FHCF’s financial condition, its ability to handle further losses, and a projection Continue Reading
Florida Fails To Avert the Imminent Insurance Crisis
Florida held a special legislative session last week to try to save the homeowner’s insurance market. While they accomplished some positive long term improvements, unfortunately, they did little to address the looming capacity crisis. This means a lot of Floridians are going to find themselves either a) without insurance or Continue Reading
Can The Florida Insurance Debacle Be Solved?
Florida is holding another special legislative session this week to address the failed home insurance market. With FHCF wobbling, the future of many private insurers in the balance, and many residents being priced out of the market, the need for a solution has never been more pressing. Currently, nearly every Continue Reading
When Your Math Is The Real Disaster
Most of you probably don’t know I was a math major. For those who had the opportunity in the past to see my prolific earnings models, that probably won’t surprise you. My one true talent in life is that, from a very early age, I could do calculations in my Continue Reading
The End of the FHCF As We Know It?
Editor’s Note: Yes, I know it’s a Sunday. This is a special edition given the circumstances. It doesn’t seem people are aware of the threat to the FHCF’s solvency so I wanted to get this analysis out immediately. Editor’s Note 2: I had been having some trouble with the site Continue Reading
Hurricane Ian(sbnr)
Editor’s Note: There have been some problems with the site server the last few days. If you have trouble with the link, it usually comes back up in a minute or two. I actually had something else ready to publish today and it’s folly to publicly call where a hurricane Continue Reading
Ranking the Villains in the Florida Home Insurance Tragedy
It’s June 1st and you know what that means? It’s now officially hurricane season! You know what else it means? We are one day closer to the meltdown of the Florida home insurance market! Stresses are arguably the worst they have ever been. Carriers are dropping like flies and we Continue Reading