Please ensure Javascript is enabled for purposes of website accessibility
Your free article limit has been reached this month.

As insurance costs rise, property owners consider self-insurance

Self-insurance, on the surface seems like a wild and desperate choice. Yet Florida's reformed — but still rather messy — insurance market has some property owners considering it.


  • By Louis Llovio
  • | 5:00 a.m. August 15, 2023
  • | 0 Free Articles Remaining!
There is a concern that if commercial property owners take on the risk of insuring their properties themselves, it will be difficult to rebuild if a hurricane hits like it did in Fort Myers Beach.
There is a concern that if commercial property owners take on the risk of insuring their properties themselves, it will be difficult to rebuild if a hurricane hits like it did in Fort Myers Beach.
Photo by Steffania Pifferi
  • Florida
  • Share

While most of the focus on Florida’s troubles with property insurance has been on homeowners, commercial property owners are dealing with many of the same issues and it’s leading some to consider self-insuring their properties.

The practice may be a solution to a complicated and expensive problem. But there is a concern it could lead to trouble down the road, particularly if a storm similar to Hurricane Ian were to strike the state again.

 


Your Business News. Your Way.

Subscribe today. Cancel anytime.

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

Latest News

×

Special Offer: Only $1 Per Week For 1 Year!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.