Insurance is in the news again following two damaging storms. Sadly, for many homeowners, much of the damage won't likely be covered by insurance given that it's flood-related and nationally, only about 4% of homeowners have flood coverage. Some homeowners will choose to add flood, adding to the cost of homeownership, but especially in Florida, there was wind damage too. This damage was inflicted on a FL insurance market where 15-20% of policies are written by Citizens Insurance, controlled by the state. Josh Shanker believes that Citizens has underpriced policies and as FL looks to shift these policies to the private market, insurance premiums should rise, adding to what are already the highest insurance premiums in the country. Josh also discusses strides made by the state of FL in reducing fraud in the state's insurance market, the impact that could have on pricing and the latest outlook for auto insurance where he's been bullish on pricing for several years.

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