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Jerry Theodorou
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Joe Weisenthal
通过播客和新闻工作，提供深入的经济分析和市场趋势解读。
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Tracy Alloway
知名金融播客主播和分析师，专注于市场趋势和经济分析。
Tracy Alloway：佛罗里达州频发的飓风和由此引发的保险索赔问题，导致保险费率上涨，甚至部分沿海地区难以投保。保险业的本质是风险定价，而如何定价越来越频繁的暴风雨风险以及谁来承担这些成本是一个重要的问题。
Joe Weisenthal：最近两次飓风给佛罗里达州的保险公司带来了高达50亿美元的损失，进一步加剧了人们对保险费率上涨和市场混乱的担忧。
Jerry Theodorou：佛罗里达州保险市场并非完全崩溃，而是存在一些裂痕。除了飓风和洪水风险外，过多的诉讼活动也是导致市场混乱的重要原因。佛罗里达州的诉讼活动比其他任何州都多，其中许多与利益转让（AOB）有关，保险公司往往选择和解而不是打官司，这增加了他们的成本。然而，佛罗里达州已经通过了侵权行为改革法案，旨在限制诉讼，并已取得一定成效。在飓风哈维和米尔顿来临之前，佛罗里达州的保险费率已经开始下降，这表明市场正在恢复稳定。再保险市场也起着重要作用，再保险费率通常与主要保险市场费率同步变化。国家洪水保险项目（NFIP）是美国主要的洪水保险提供者，但它存在补贴不足的问题，私人市场正在逐渐参与其中。加强房屋抗灾能力对于提高佛罗里达州的抗灾能力至关重要。价格信号对于引导人们做出经济合理的决策至关重要，而一些政府补贴的保险项目未能发出正确的价格信号。
Tracy Alloway: Florida's frequent hurricanes and resulting insurance claims have driven up insurance rates, making it difficult to obtain coverage in some coastal areas. The essence of the insurance industry is risk pricing, and how to price increasingly frequent storms and who bears those costs is a key question.
Joe Weisenthal: The recent two hurricanes have cost Florida insurers as much as $5 billion, further fueling concerns about rising insurance rates and market turmoil.
Jerry Theodorou: The Florida insurance market is not completely broken, but it does have some cracks. In addition to hurricane and flood risks, excessive litigation is a major cause of market disruption. Florida has more litigation than any other state, much of it related to Assignment of Benefits (AOB), where insurers often settle rather than litigate, increasing their costs. However, Florida has passed tort reform legislation aimed at curbing litigation, and it has had some success. Before Hurricanes Ian and Nicole, Florida insurance rates had begun to fall, suggesting that the market is stabilizing. The reinsurance market also plays an important role, with reinsurance rates typically moving in tandem with primary market rates. The National Flood Insurance Program (NFIP) is the main provider of flood insurance in the US, but it is underpriced, and the private market is gradually becoming involved. Strengthening homes' resilience is crucial to improving Florida's disaster resilience. Price signals are crucial to guiding people to make economically sound decisions, and some government-subsidized insurance programs fail to send the right price signals.
Deep Dive
Jerry Theodorou explains the three major sources of insurance for homeowners in Florida, including national insurers, Florida-domestics, and Citizens Property Insurance.
- Three major sources of insurance: national insurers, Florida-domestics, and Citizens Property Insurance.
- Citizens Property Insurance is a state-run insurer of last resort.
- Agents guide homeowners to the best policy for the best price.
Shownotes Transcript