Joe Petrelli on Trouble with Insurance in Florida

episode link:


Why did I do this show?

Insurance companies operate based on trust. Probably the single most important gatekeepers of trust of insurance companies are rating agencies. Some will find that surprising! Rating agencies are a dominant force in insurance especially in supremely dysfunctional markets like homeowners insurance in Florida where Joe’s company, Demotech, is the dominant rating agency. Florida is a mess and then that mess got hit with the largest hurricane in its long history of hurricanes!

What did I learn?

That litigation reform is very, very hard!

What was my favorite part?

I learn again and again, entrepreneurs are pretty similar everywhere, even those in the weird business of rating agencies!


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