With Florida’s property insurance market stabilizing, experts fear an active hurricane season could reverse ‘momentum’

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 61 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 63%

Florida 뉴스

Weather,Hurricanes

Florida’s property insurance market is showing signs of stabilization, according to the president of the Florida Senate. However, experts fear that an “explosive Atlantic hurricane season” predicted for this year could pose a threat to that positive trend.

This week’s Insider Deals are so good you’ll want all of them– Florida’s property insurance market is showing signs of stabilization, according to the president of the Florida Senate. However, experts said anIn a memo, Florida’s Senate President, Kathleen Passidomo wrote with optimism that the recent reforms regarding property insurance seem to be working.

“So the trend is very positive. And it’s just a further sign of what we’re seeing in terms of market recovery,” Insurance Information Institute Spokesman Mark Friedlander said. Friedlander said the industry is positioned for recovery, with one major factor still threatening progress. “All the positive momentum we’re seeing in Florida could potentially be reversed if we see a high volume of storm losses during the 2024 hurricane season. We hope that’s not the case,” Friedlander said.Colorado State University researcher Dr. Phillip Klotzbach talked at an insurance industry meeting Wednesday in Tampa about the active season that’s expected,Klotzbach pointed to warmer ocean temperatures – a trend we’ve seen for months now – echoing something he posted on X this week.

“That is frightening to see, August temperatures in the beginning of May, that’s something we don’t want to see. And that’s what’s concerning for the forecasters,” Friedlander said.Friedlander said the big picture, however, is that Florida’s insurance industry is in a much better financial position and well-positioned to handle storm claims, saying homeowners should not worry about individual claims being paid.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 246. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Apple's China momentum in focus ahead of earnings after the bellApple has set investor expectations low and could surpass them even if sales growth is weak.
출처: nbcsandiego - 🏆 524. / 51 더 많은 것을 읽으십시오 »

Apple's China momentum in focus ahead of earnings after the bellApple has set investor expectations low and could surpass them even if sales growth is weak.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Apple's China momentum in focus ahead of earnings after the bellApple has set investor expectations low and could surpass them even if sales growth is weak.
출처: nbcchicago - 🏆 545. / 51 더 많은 것을 읽으십시오 »