12min chapter

Odd Lots cover image

Why Home Insurance Markets in California and Florida Imploded

Odd Lots

CHAPTER

Unraveling the Enigma of Rising Insurance Premiums

Exploring the significant spikes in homeowner insurance premiums in states like California and Florida and analyzing the multiple factors contributing to this trend, including extra expenses, pricing issues, regulatory complexities, and climate change impacts. The chapter also delves into the challenges faced by insurers in these markets, the concept of direct-to-consumer insurance, and the economic implications of agent commissions and data science in the evolving insurance landscape.

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