Why Home Insurance Markets in California and Florida Imploded
Odd Lots
Navigating Insurance Markets: Challenges in California and Florida
This chapter examines the complexities of pricing in the insurance market, focusing on how various data influences premium rates and the regulatory challenges in states like California and Florida. It highlights California's Proposition 103 and its impact on insurers' ability to forecast risks, contrasting it with Florida's proactive catastrophe model approach. The discussion also delves into the implications of catastrophic events and evolving regulations on homeowners insurance, premiums, and market dynamics.
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