Hurricane Ian spotlights Florida’s ‘troubled’ condition: Travelers CEO Schnitzer
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Hurricane Ian spotlights Florida’s ‘troubled’ condition: Travelers CEO Schnitzer

Giovanna Bellotti Azevedo
October 19, 2022
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Travelers CEO Alan Schnitzer said that public policy challenges in Florida are “at least as consequential as the weather itself” to the insurance industry's ability to effectively and efficiently manage risk in the Sunshine State.

Florida (re)insurers have faced major challenges in recent years with aggressive plaintiff bar behavior, pending reinsurance rate rises and capacity shortages, alongside restraints from regulators around rates.

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