Will Consolidation Save Florida’s Insurance Market After Record Claims?

Hurricane Ian, a Category 4 storm that recently tore across Florida, the Carolinas, and Cuba, is turning out to be Florida's most damaging storm in recorded history. 

Ian is the deadliest hurricane to strike Florida in over a century, with 105 of the 113 reported fatalities occurring in the Sunshine State. 

With estimates placing the entire economic damage across the southeast of the country at well over $100 billion, it is also taking on the characteristics of one of the most devastating hurricanes in American history.

In addition to the acute loss of lives and property, agriculture that is vital to the US food supply has also sustained long-term damage.

 Florida is a significant food producer for the US, producing anything from veggies to cattle.

Florida is a significant producer of food for the US, providing everything from dairy, fruit, and honey to vegetables, cattle, and other agricultural products.


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