Insurance CEO: Floridians 'need to stop building in areas prone to flooding'

Oscar Seikaly, CEO of Miami’s NSI Insurance Group, says dueling hurricanes could test and change Florida’s insurance market.


  • By Louis Llovio
  • | 3:50 p.m. October 11, 2024
  • | 0 Free Articles Remaining!
Hurricane Helene damaged Gulfport, the quaint Pinellas County town.
Hurricane Helene damaged Gulfport, the quaint Pinellas County town.
Photo by Mark Wemple
  • Tampa Bay-Lakeland
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In the past several weeks, the west Coast of Florida has been hit, once directly and once indirectly, by hurricanes that have left hundreds dead, hundreds of thousands homeless and billion in damages.

It has also put one of the state’s most vulnerable industries, the property insurance market, under an even more glaring spotlight than it's usually under.

 

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