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2023 Casualty Loss Reserve Seminar

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LOB-7 - Florida Homeowners Market: When Will the Dark Clouds Lift?

Tuesday, September 12, 2023
11:45 AM - 1:00 PM East Coast USA Time
Location: Orange
CE: 1.5
The Florida homeowners market is one of the most complex and dynamic insurance markets in the nation. The presentation will discuss the impact of recent trends and events related to the state’s homeowners market, including potential impacts of recent legislation on the primary market and on the state’s insurer of last resort, Citizens Property Insurance Corporation. The presentation will also explore potential cascading impacts in other states.

Learning Objectives:

  • Understand the drivers of Florida’s market’s deteriorating underwriting performance including adverse reserve development and rate inadequacy
  • Discern the unique differences between the Florida marketplace and that of other states
  • Comprehend the significant role that legislation continues to play (or not play)