Briefing: Florida's Property Insurance Market

/ Categories: Research, Hurricane Ian, Insurance

Explore the latest insights from Florida TaxWatch's "Property Insurance Briefing" as it delves into the complexities of Florida's property insurance market amidst the 2024 hurricane season. This report examines the instability caused by soaring premiums, driven by litigation and hurricane damages, and discusses the role of Citizens Property Insurance as a critical safety net for over a million Floridians. Highlighting legislative efforts to stabilize the market and initiatives like home hardening to reduce costs, this briefing is essential for anyone affected by or interested in Florida's property insurance challenges. Download the full report for a comprehensive analysis and actionable solutions.

What’s Next: Hurricane Ian Recovery

/ Categories: Research, Hurricane Ian, Blog

On October 26, 2022, Florida TaxWatch hosted a discussion of subject matter experts to gain insight as to how Florida will overcome the impacts of Hurricane Ian as residents rebuild their homes, infrastructure, businesses, and finances. The discussion highlighted actions already taken to support residents, as well as challenges left for Florida to resolve. The Florida TaxWatch team was joined by Eve Rainey, the Executive Director of the Florida Emergency Preparedness Association; Kari Hebrank, Senior Governmental Consultant with Carlton Fields; and Fred E. Karlinsky, co-chair of the Insurance and Regulatory Transaction Practice at Greenberg Traurig. The discussion was moderated by Florida TaxWatch Senior Vice President of Research Bob Nave.

A Key to Overcoming Disasters: Complete Census Data Reinforces Resiliency

/ Categories: Research, Census, Economic Development, Hurricane Ian

Florida beaches are a treasure to the state, and as such, many residents strive to remain in close proximity to the shoreline. Statewide, 64.2 percent of employment and 79.2 percent of businesses are found within Florida’s 35 coastal counties.1 Unfortunately, the luring lifestyle of beaches comes at a cost; the homes and livelihoods of most Floridians are tied to areas susceptible to hurricane havoc.

A Rising Tide Sinks All Homes - The Effects of Climate Change on Florida's Economy

With more than 8,400 miles of coastline and a flat, low-lying coastal topography, Florida is especially vulnerable to the effects of sea level rise. Tens of thousands of Florida homes and businesses are at increased risk from sea level rise. Much of Florida’s critical infrastructure is at low elevations, designed and built with little consideration of future sea level rise. The physical effect of changing climate translates into real economic impacts.

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The Potential Impacts of New Tariffs on Florida’s Economy

The Potential Impacts of New Tariffs on Florida’s Economy

On April 2nd, 2025, a universal 10 percent tariff on all countries was announced by the federal government, with a few countries facing additional reciprocal tariffs of up to 50 percent. A week after the announcement, due to intense volatility in the bond market, a 90-day suspension on the tariffs was announced, with the exception of a 145 percent tariff on certain Chinese goods.

 

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How Childcare Costs Impact Florida’s Economy

How Childcare Costs Impact Florida’s Economy

The impact of childcare, as the data suggest, is prominent on Florida’s economy. Losses incurred from turnover and absenteeism of working parents can be avoided with friendlier workplace policies and higher investment in affordable childcare. As an important part of the industry, treating childcare workers better financially can help maintain the workforce in childcare and add to the economy of Florida. Impactful measures that can alleviate the pressing childcare issues mentioned can further grow Florida’s economy.

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