In my last report I said that in my next report I would explain what’s driving up residential insurance rates in the Sunshine state. This report is that promised report but, before I tell you about “Fee Multipliers”, let me tell you something else just as relevant and important.
Every session of the Florida legislature is measured to some degree on how much it succeeds in providing the people of Florida what they need and/or deserve. If this last session is judged by its work reducing premiums for Florida homeowners (something policyholders obviously need and deserve) then the 2020 session was a miserable failure! [Read more…] about Florida’s Rate Problem—the Fee Multiplier