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Op-Ed: Hurricane Ian proves crisis in home insurance | Commentary


Hurricane Ian proves crisis in home insurance | Commentary

"Florida is in the midst of a swirling storm with a property insurance market that has been described as in free fall... Catastrophic storms not only bring devastation and suffering to those impacted, but drive-up rates consumers must pay and of late, have only intensified our manmade property insurance crisis.
In 2021, Florida generated 7.03% of property insurance claims nationwide but was responsible for 76.32% of the nation’s homeowner insurance lawsuits filed. These numbers are especially alarming considering that until Hurricane Ian, Florida had not had a major storm hit our coast since 2018."
-Florida Chamber of Commerce President & CEO Mark Wilson
Join Florida’s business community, insurance professionals, industry leaders and elected officials for discussions on the solutions, challenges and opportunities related to the future of Florida's insurance market at the 2022 Florida Chamber Annual Insurance Summit on December 5-7, 2022 in Orlando, REGISTER HERE.
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