September 27, 2006
Fewer Storms Do Not Lead To Lower Insurance
Did you notice that Florida hasn't seen too much of the dreaded hurricanes this season? Well so does this mean that insurance rates will remain constant, or still better, fall? High hopes! Heraldtribune.com reports:
Long-term forecasts still call for increased hurricane activity in the Atlantic basin. "There is still great pressure on the insurance markets in Florida, and through much of the Southeast, because of the expectation that the next 10 to 20 years are likely to be above average," says Robert P. Hartwig, chief economist with the Insurance Information Institute.
Read more: Despite fewer storms, property insurance continues to skyrocket
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