Search
 

Reviewing Florida’s Reinspection Program

Two years ago, in an article for Florida Underwriter, Scott Koedel expressed a dim view of the accuracy of many inspections in the windstorm mitigation credit program. Does his reinspection of the program lead him to a more favorable outlook?

By Scott Koedel | Updated on August 31, 2011

Editor’s Note: Scott Koedel of Don Meyler Inspections wrote an article for the September 2009 issue of Florida Underwriter entitled “Ensuring the Accuracy of Windstorm Mitigation Credits.” In that feature, he noted, “As awareness of the windstorm mitigation inspection has increased, so has the sheer quantity of inspectors performing inspections, which now number in the thousands. This rapid growth has resulted in a widely varying level of quality control processes among inspection companies.” He also offered specific recommendations for improving the process. Now, two years later, Koedel revisits the program.

As everyone dealing with the Florida residential and commercial residential windstorm insurance market is aware, an increased level of underwriting scrutiny is presently being focused on the validity and appropriateness of windstorm mitigation credits. This is understandable, as the aggregate value of these credits now registers in the billions of dollars annually.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.