Transcript: Why Insurance in California and Florida Imploded

In recent years, we’ve seen home insurance premiums soar by historic amounts. Not only have prices gone up, but in some instances, we’ve seen national carriers simply announce that they’re abandoning certain states. So, what’s behind the mess? Why isn’t competition causing markets to come into balance? What is the role of state insurance regulators? On this episode we speak with two guests who help us understand the problem. Amias Gerety is a partner at QED Investors, and a board member for the insurance company Kin. RJ Lehmann is the editor-in-chief for the International Center for Law & Economics. The ...