Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Legislation in Florida requiring the state’s residual market insurer to reduce prices has cut its revenues dramatically and created actuarially unsound insurance rates, according to a brokerage executive.

Speaking earlier this month during the Stephens Springs Investment Conference in New York, Powell Brown, president of Daytona Beach, Fla.-based Brown & Brown, detailed how rates have changed over the past few decades to a point where they are almost half of what they once were prior to the 2005 hurricane season.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.