Florida Homeowners Insurance: How Big Is the Availability Problem and Is There a Fair Solution?

• Author: Jeff Kucera,Locke Burt,Jim Massie,Chris Carlson
• Date: 01 September 2009
• Published date: 01 September 2009
• DOI: http://doi.org/10.1111/j.1540-6296.2009.01161.x

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Risk Management and Insurance Review, 2009, Vol.12, No. 2, 183-197

INVITED ARTICLE

FLORIDA HOMEOWNERS INSURANCE:HOW BIG ISTHE

AVAILABILITY PROBLEM AND ISTHERE A FAIR SOLUTION?

Locke Burt

Chris Carlson

Jeff Kucera

Jim Massie

This article features a panel discussion on hurricane and wind insurance organized

by Jeffrey L. Kucera for the American Risk and Insurance Association (ARIA) 2008

Annual Meeting in Portland, Oregon. The moderator, Jeffrey L. Kucera, is a Senior

Consultant with EMB in North America. He has over 30 years of experience in

the property–casualty business, joining EMB after a 24-year career with Allstate and

5 years as a consultant. Jeff’s primary practice areas are rate making, class plans, and

product development. While knowledgeable about all personal lines, he has particular

experience in the homeowners line. He graduated from the University of Nebraska in

1975 with a major in mathematics and a minor in economics. He became a member

of the American Academy of Actuaries (MAAA) in 1980 and a Fellow of the Casualty

Actuarial Society (FCAS) in 1984.

Three presenters provide a discussion on Florida Homeowners Insurance. The first pre-

senter is Chris Carlson, a consultant with Pinnacle Actuarial Resources, Inc. He holds a

bachelor of science degree in mathematics from the University of Oregon. Before join-

ing Pinnacle Actuarial Resources, he was employed for over 25 years with Nationwide

Insurance Companies in Columbus, Ohio. He is currently the President of the Casu-

alty Actuarial Society, a fellow of the Casualty Actuarial Society, and a Member of the

Academy of Actuaries. The next presenter is Locke Burt, President and Director of Secu-

rity First Insurance Co. of Ormond Beach, Florida. He has 35 years of experience in the

insurance profession, and in 2005, formed Security First Insurance Company. He also

owns Burt & Scheld Facultative Corporation, which underwrites property facultative

reinsurance on behalf of Liberty Mutual Insurance Co. and Employers Mutual Casualty

Insurance Co. He holds both a bachelor of science and a master’s of business adminis-

tration degree from Northwestern University and a juris doctorate degree from Loyola

Locke Burt is President of Security First Insurance Company, Ormond Beach, FL; phone:

386-523-2300; fax: 386-523-2311; e-mail: burt@ormondre.com. Chris Carlson, Consultant of Pin-

nacle Actuarial Resources, Inc., President of the Casualty Actuarial Society; phone: 614-734-8366;

e-mail: ccarlson@pinnacleactuaries.com. Jeffrey L. Kucera, Senior Consultant of EMB in North

America; phone: 312-986-1425; e-mail: Jeff.kucera@emb.com. Jim Massie, Senior Partner of Massie

Law Offices of Tallahassee, Tallahassee, FL; phone: 850-933-2108; e-mail: JMassie41@aol.com.

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