This podcast episode explores the intricate landscape of Florida's insurance market with insights from expert Jerry Theodorou. While the market isn't entirely "broken," it grapples with serious challenges, including high litigation rates, the influence of reinsurance, and the effects of tort reform. The conversation dives into the different sources of homeowner's insurance in Florida, the specific challenges surrounding flood insurance, and the urgent need for better building codes to boost resilience against natural disasters. Throughout the discussion, it emphasizes the essential balance between protecting consumers and ensuring the stability of insurers to foster a healthier insurance environment in Florida.
