Don Brown, a prime contributor to this website with both his property insurance writings and his counseling on legislative solutions, has just announced the publication of four books–each with groundbreaking relevancy to Florida’s wind paradigm. They are currently available on Amazon under the following titles:
- Drowning in Denial—Behavioral Economics and Coastal Insurance Markets: A Path to Resilience
- Fortifying the Future: Code Plus Standards for Hurricane Resilience and Economic Stability
- The Capital Drain: Why Uncertainty—Not Hurricanes—Breaks Insurance Markets
- The High Cost of Hidden Risk: Why Florida’s Insurance Crisis Can’t be Fixed Without Facing Reality.
But… it’s his most recent, coming soon manuscript, that will set Florida’s traditional reformers back a step. It’s titled “The Next Paradigm: Florida’s Unseen Insurance Crisis,” and it proves (via actuarial science and documented population patterns) that policymakers have totally missed the mark–focusing on symptoms like rising premiums, insurer exits, Citizens Property Insurance policy count, etc.– and ignoring the root cause of Florida’s dilemma; “…explosive population growth in high-risk coastal zones.”
Please don’t dismiss this until after you buy his book which will be available in a few weeks. Florida adds about 550 new residents every day to exactly the wrong areas, the world’s most vulnerable coastline— growing our already massive exposure by nearly $180 million every 24 hours. Brown calls it a “demographic tsunami”, and his facts compellingly show “…every ‘solution’ that ignores population growth merely rearranges deck chairs on the Titanic.”
Keep in mind Don Brown is one of only two legislators who voted against the policies that created our crisis in the first place. In addition to why population growth, not hurricanes, drive the crisis, “The Next Paradigm” pulls the curtain back on:
- How political protection rackets prevent solutions
- What other states and nations have done successfully
- Specific, actionable reforms that could still save Florida’s economy
- The timeline to catastrophe if we fail to act
In addition to legislative records, bill texts and committee reports, Brown’s research pulls from campaign finance records, Insurance Industry filings, transcripts and recordings of public meetings, industry conferences, Federal data from FEMA, NOAA, and the US Census Bureau and numerous academic studies and actuarial analyses. It’s a remarkable, one-of-a-kind compendium sure to trigger a jarring alarm, one “…that others have been unwilling or unable to sound.”
As you keep an eye out for “The Next Paradigm: Florida’s Unseen Insurance Crisis” which will be announced here and on other industry and trade press sites soon, keep in mind the numbers that really matter.
- $3.2 trillion in property value concentrated in hurricane target zones
- 400% increase in reinsurance costs since 2017
- Developers who contributed $134 million to political campaigns (2020-2024) including residential developers ($67M), commercial construction ($31M), land development companies ($24M), and building industry associations ($12M).
- Banks holding $312 billion in potentially impaired mortgages (Author’s estimate based on FDIC data and mortgage-to-value ratios)
And it’s largely driven due to powerful coalitions devoted to maintaining the status quo.
- Coastal property owners representing $2.3 trillion in asset value
- Citizens policyholders (1.2 million voters with 87% turnout)
- Municipalities dependent on coastal property tax revenue
- Politicians who win by promising the impossible
I know you’ll really like this book. It’s the quintessential Call to Action!
“This isn’t another academic study or political white paper. It’s a final warning from someone who’s watched this slow-motion disaster unfold for three decades—and still believes it can be stopped, if we act now.
Time’s up, Florida. What’s it going to be?”
Don Brown
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NOTE: Keep an eye out here for announcements regarding Don Browns’ “The Next Paradigm: Florida’s Unseen Insurance Crisis.”
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