Insurers With Stockholders Pay Out Less To Florida Drivers

As car damage from 2017 storms in Florida and Texas threatens to set records, does it matter if your insurance company has to please stockholders and not just policyholders? Yes and the problem is getting worse in Florida, argues Dan Karr, founder and CEO of Bedford, N.H.-based Valchoice, a firm that says it aims to harness the power of big-data analytics to help insurance consumers. He contends pressure to keep investors happy by shoring up profit margins can be measured in how often companies deny, delay or pay less for claims.