The State-run Citizens Property Insurance Corp plans to increase the number of annual home inspections it conducts from 5,205 in 2020 to 90,695 by 2025. The rationale for the proposal, according to the company, is to enable Citizen to set insurance policy rates and reduce the number of claims that
There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along.
The economic fallout from COVID-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered. It’s resulted in courts packed with lawsuits and governments scrambling to head off more pain.