– Paper Positions the Florida Startup Community as a Viable Solution
to the CitizensProperty Insurance Corporation Depopulation
MARLBOROUGH, Mass.--(BUSINESS WIRE)--
Cod Technologies, Inc., the leading Managed Insurance Services
Provider for the property and casualty (P&C) industry, today announced
the availability of a white paper detailing the history and challenges
associated with the Florida insurance market crisis. The paper titled,
“Private Sector to Solve Public Sector Problem” positions the Florida
startup community as a viable solution to the Citizens Property
Insurance Corporation (Citizens) depopulation challenge.
“Private Sector to Save Public Sector Problem: How the Private Startup
Community Can Fix the Florida Insurance Crisis” details the history of
the Florida insurance market decline, providing commentary on the
legislation, market changes and weather events that have left the state
carrying more than $500 billion in total exposure. The paper states that
although the startup community could help depopulate Citizens, the
complex assumption process may have stymied the business opportunity in
Florida. Blue Cod contends that with the creation of sound and reputable
startups, the state can ease the approval process for takeout companies,
thereby effectively and successfully diversifying Florida’s exposure.
“Partnering with our clients through the Citizens assumption process has
given Blue Cod an insider’s perspective on the challenges a takeout
company faces,” said Simon de Montfort Walker, Blue
Cod Technologies, Inc. “With Florida’s exposure threatening its
solvency, we have seen the government react in an effort to protect
consumers, policyholders, and the state at large. However, current
legislation has not reduced Florida’s risk and Blue Cod maintains that
the startup community represents the only real solution for successfully
The popular discussion regarding the Florida insurance market has
focused on the challenges for the government, the financial devastation
of a potential storm, and the expensive policies forced on consumers as
well as the few alternatives they have for coverage providers. Blue
Cod’s white paper offers guidance on how to create a strong takeout
company that can effectively assume policies from Citizens through:
Blue Cod is hosting a webinar on the topic. Delivered by Walker, the
presentation will focus on Blue Cod’s position that the well-resourced
startup carrier can resolve the Florida insurance crisis. Attendees will
be encouraged to participate and share their opinions, comments and
questions via a private channel.
to request a complete copy of Blue Cod’s white paper.
to register for the free webinar.
About Blue Cod Technologies, Inc.
Blue Cod, the leading provider of Managed Insurance Services for the
property and casualty (P&C) industry, addresses the support and
technology needs of carriers in the Earthquake, Homeowners, Auto,
Farmowners and Commercial Package markets. Blue Cod’s team of
experienced insurance, technology and implementation specialists deliver
high-end insurance services at a lower operational and capital expense
than can be achieved through an organization’s internal staff. Blue Cod
offers customers the ability to create customized solutions or take
advantage of specialized programs such as CEA Process, Coastal
Homeowners, FAIR Plan Process and Assigned Risk Auto.
Blue Cod Technologies, Inc.Karen Regan, email@example.comBlue
Cod Technologies, Inc.James Stolberg, firstname.lastname@example.org
Source: Blue Cod Technologies, Inc.