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The Insurance Information Institute (III), an industry group, reports that 80 percent of the nation's homeowners insurance lawsuits are in Florida, despite only 9 percent of the nation's insurance ...
According to Bankrate, as of July, the average annual premium for insurance in Florida is $5,533 for a $300,000 home — two-and-a-half times the national average of $2,230. Some cities in the ...
State regulators have approved new insurance companies to enter Florida’s market. Others are forming, and although companies like Farmers and Progressive recently announced plans to leave or ...
The crisis in the Florida insurance market. Florida has always been a complex home insurance market. Since 2017, eleven property and casualty companies that offered homeowners insurance in Florida ...
In Florida, where Orman bought her condo and there's a high risk of hurricanes, the homeowners insurance market is collapsing and the state-backed insurer has been called "not solvent" by Gov. Ron ...
The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]
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