Current Search: Welsh, Patrick T. (x)
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Title
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Trouble in Paradise: The Influence of Property Insurance on the Politics of Growth in Florida from 1880 to 1995.
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Creator
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Welsh, Patrick T., Rose, Mark H., Florida Atlantic University
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Abstract/Description
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Hurricane Andrew, in 1992, represented a watershed event in illuminating the financial consequences of Florida's business and political leaders decisions fostering population and economic growth without planning or control. The frontier mentality of the early generations of pioneers carried over to later developers and politicians, and led to a vision of empty land as unlimited economic opportunity The assumption of regulatory control of the insurance industry by state government allowed the...
Show moreHurricane Andrew, in 1992, represented a watershed event in illuminating the financial consequences of Florida's business and political leaders decisions fostering population and economic growth without planning or control. The frontier mentality of the early generations of pioneers carried over to later developers and politicians, and led to a vision of empty land as unlimited economic opportunity The assumption of regulatory control of the insurance industry by state government allowed the completion of the emerging national housing policies for fully securing mortgages These policies essentially made property insurance mandatory. The retention of the cartel operation of the insurance industry led to an inequitable relationship between industry and regulators. Assertive political decisions created this crisis.
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Date Issued
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2008
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PURL
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http://purl.flvc.org/fau/fd/FA00000976
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Subject Headings
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Insurance--Florida--State supervision, Homeowner's insurance--Florida, Hurricane Andrew, 1992--Economic aspects--Florida, Intervention (Federal government)--20th century, Economics--Florida--Political aspects
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Format
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Document (PDF)
