As Florida’s population increases, new residents mean more jobs will be needed, more homes purchased and more drivers on our roads. In addition to the changes expected from an increased population, Florida’s economy will continue to be sustained in part by a strong real estate industry. As we look to 2030 and anticipate the needs of these residents, it is crucial that Florida develop and maintain a stable and competitive insurance market to help protect these Floridians.
We must build on Florida’s successes by tackling today’s insurance-related challenges to ensure a competitive and stable insurance market that will help reduce taxpayer risk in the event of a catastrophic storm and further improve Florida’s business climate. In addition, a competitive business climate will require a stable workers’ comp system that also protects injured workers, and competitive unemployment compensation taxes.