Property Insurance News article from Jacksonville.com

Mr. Larrabee of “The Florida Times-Union” has written a very balanced article on the condition of the property insurance market here in Florida.  Especially noteworthy is a quote by Mr. Dick Goodman, a writer, photographer and 30 year resident of Miami who moved to Atlanta due, in part, to the rising cost of insurance on the coast.

Even Goodman, prompted to leave Florida by the storms of 2004-05, sees the plans giving the national government a greater role in the market a step in the wrong direction.

After all, Goodman said, he’s an example of how the market worked – the prices got too high, and he moved away. Reversing that trend is a mistake.

“We’re setting up a situation,” he said, “where it will make it affordable to live in dangerous places.”

I encourage you to read the whole article.

For Florida insurance woes, no shortage of suspects to blame

From climate change to lawmakers to a coastal development boom, why we are one active hurricane season away from a disaster that could doom the state’s financial future?

via For Florida insurance woes, no shortage of suspects to blame | Jacksonville.com.