"The larger companies can certainly sustain it, but the smaller domestic companies cannot, and there are companies that are really burning cash right now"
Despite thriving as an industry, the US insurance sector continues to face a considerable talent shortage as unfilled job vacancies reach record numbers.
Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion - of which $99 billion was covered.
"We need to do everything we can to push back on that and fight for a more competitive market where rates are incentivized to go down," says the governor.
State CFO Jimmy Patronis also urged Florida lawmakers to establish a statewide insurance fraud prosecutor and to disincentivize public adjusters after a storm.
If you're looking for an insurance type that's both cost-effective and reliable, there are two surprising ones to consider now: pet insurance and travel insurance.
California regulators proposed fining Pacific Gas & Electric more than $155 million for sparking a 2020 wildfire in Northern California that killed four people.
Whether or not a storm that kills three people is worse than one which causes $1 billion in damages is perhaps something that should be left to philosophers and theologians.
Ian cut a path through the heart of Florida's citrus belt and smashed tomato fields at the worst possible time: just before the start of seasonal harvests.