AM Best to Host Briefing on Florida’s Troubled Property Insurance Market

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FOR IMMEDIATE RELEASE

OLDWICK - MAY 05, 2022 02:17 PM (EDT)
AM Best will host an analytical briefing on Florida’s troubled property insurance market on Thursday, May 19, 2022, at 2 p.m. (EDT). AM Best’s Sridhar Manyem and Chris Draghi will join two industry experts to discuss the challenging dynamics within the Florida property insurance market. The panel discussion will also include a review of the upcoming Atlantic Hurricane forecast, and other top risks to the Florida insurance market, including roofing-related fraud, reform efforts and the prospects for the future. Florida will hold a special legislative session from May 23-27, to address property insurance reform.

Moderator:

• Sridhar Manyem, director of research, AM Best

Panelists include:

• Chris Draghi, associate director, AM Best;


• Kyle Ulrich, president & chief executive officer, Florida Association of Insurance Agents; and


• Mark Friedlander, director, Insurance Information Institute.

To register for the complementary event, please go to AM Best’s Briefing - The Florida Property Market in Flux. Attendees can submit questions during registration or by emailing webinars@ambest.com. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

A recent AM Best commentary noted that Florida’s property insurance market is under immense pressure amid elevated reinsurance costs, coupled with higher losses and increased litigation costs. To access the full copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=319576 .

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.