Looking forward to presenting to IREMSF19 on Thursday, April 25!

Check out Insurance Information Institute 2023 Annual Report, highlighting organization's accomplishments & how it addressed critical #insurance industry issues, including #climaterisk , #legal system abuse, and the cost & availability of #home & #auto #insurance .

Glad to share some positive news about #Florida #property #insurance ! Insurance Information Institute seeing positive trends after many years of instability: 6 new insurers entering market & depopulation of Citizens in full swing. Hopeful for brighter days ahead for #homeowners ! Newsweek

Another prime example of the trial bar filing thousands of frivolous lawsuits against #Florida insurers to collect massive fees, and why the state's property #insurance market remains so volatile.
Reuters

#HurricaneIan briefly reached #Category5 wind speed in #GulfofMexico , before making landfall as #Category4 with 149 mph winds at #CayoCosta , #Florida , on 9/28/22, according to new National Hurricane Center report via Insurance Information Institute non-resident scholar Philip Klotzbach CSU Atmos Sci

During 24-hour cycle of live newscasts on WINK News
devoted to property #insurance in #Florida , @MarkFri Insurance Information Institute provided insights on insurers’ response to #HurricaneIan , tips for hurricane victims on settling outstanding claims & other coverage issues.

Meant to say 'huge THANKS!' Twitter needs an editing function!

It doesn't - at least not immediately. The goal is to get a stable market so no more insurers fail, rate increases moderate & more insurers want to write home policies in Florida. When the market stabilizes, consumers will have more options for coverage, which will help pricing.

'This is landmark #legislation . We have never seen an #insurance reform bill in #Florida as strong as this one,' Mark Friedlander told Marni Hughes NewsNation during a live interview Thursday a.m. discussing FL #SB2A .
youtube.com/watch?v=RmsKK8…

A huge hanks to Melissa Ross WJCT News for having me on #FirstCoastConnect this morning to discuss the implications of #Florida Senate Bill 2A on the state's home #insurance market!

Until all of the #lawsuits in the pipeline are settled, related expenses will drive higher rates, as will escalating replacement costs, which is a national trend. That's why I said don't expect immediate relief. Rates will eventually moderate when the market stabilizes.

I specifically mentioned how a stable #Florida #insurance market will bring more competition, which leads to more #consumer choice and better rates. I also discussed the provision for quicker response time to #claims .

On Florida Roundup, Mark Friedlander Insurance Information Institute said #Florida has a home #insurance crisis because of excessive levels of #litigation .

#Florida consumers pay highest average auto #insurance premium in U.S. due to #fraud schemes & increased attorney involvement in #claims . Mark Friedlander Insurance Information Institute discussed how drivers can reduce #premium during a report from Tarik Minor News4JAX.
news4jax.com/money/2022/11/…

#Floridians pay highest average #homeinsurance premium in U.S., $4,231 - nearly 3x U.S. average - due to roof replacement #fraud schemes & excessive #litigation filed against #insurers , not storms, Mark Friedlander Insurance Information Institute told NBC News NOW.
#HurricaneNicole
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#BRINK , a Marsh McLennan publication, spoke with Mark Friedlander Insurance Information Institute about the escalating #Florida home #insurance crisis & how it could negatively impact the state's booming #realestate market. #HurricaneIan
brinknews.com/hurricane-ian-…

With a potential #hurricane impacting #Florida & the #GulfCoast next week, the time to prepare is NOW! Insurance Information Institute CEO @SeanK provides #hurricane prep tips in this brief video.
#HurricaneSeason #Hermine

#Danielle , first #hurricane of 2022 #Atlantic season, has generated most ACE (Accumulated Cyclone Energy) on record for a named storm forming north of 38°N on record, says Insurance Information Institute non-resident scholar Philip Klotzbach CSU Atmos Sci.
#HurricaneSeason

For the first time since 9/16/20, #Atlantic has multiple #hurricanes simultaneously - #Danielle and #Earl - says Insurance Information Institute non-resident scholar Philip Klotzbach CSU Atmos Sci.
#HurricaneSeason

#Florida 9/2 News Alert:
- #Danielle becomes 1st Atlantic #hurricane of 2022
- FL #insurers post poor 1H results
- FL #home #insurers increase inspections
- Triple-I addresses factors impacting life expectancy
- Crackdown on fraudulent public adjusters
mailchi.mp/iii/florida-we…