Florida is Ranked 43rd Nationally for Automobile Insurance Affordability

 

 

Florida is ranked 43rd nationally for automobile insurance affordability.

For information on economic diversity in your community, visit www.TheFloridaScorecard.org.

Commercial Insurance News That Matters to You

 

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Some 866,000 Hurricane Irma Insurance Claims Filed in Florida for a Whopping $6.55 Billion

Estimated insured losses from Hurricane Irma have topped $6.55 billion, with the number of claims approaching 866,000, according to information released Monday by the state Office of Insurance Regulation. The latest report showed that 865,974 claims from the September storm had been filed with insurance companies as of Friday, with 719,512 involving residential properties.

 

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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.

Resources

Citizens Property Insurance Corporation

Florida Department of Insurance Regulation

 

 

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Securing Florida’s Future Includes You

The Florida Chamber Foundation leads the state in future-focused research and continues to be a catalyst for positive change. But, we need your help to secure Florida’s future. Getting involved is easy.

               

              

 

 You can help drive Florida’s future. Get involved by contacting Aaron Kinnon at 850-521-1253.