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We expect home insurance rates in Florida to remain high in 2023 due to expenses associated with ongoing litigation, combined with soaring reinsurance rates and double-digit replacement cost ...
According to the Insurance Information Institute, only 9% of the nation's home insurance claims come from Florida. But 79% of the nation's homeowners' insurance lawsuits come from the state.
One study shows 15% to 20% of Floridians dropped their home insurance. ... considering how insurance rates are skyrocketing ... the average annual premium for insurance in Florida is $5,533 for a ...
Thanks to mounting hurricane losses, home insurance premiums in Florida have risen an astonishing 300% in the last five years, according to the financial news site Benzinga. Residents there now ...
Lanham cited one homeowner whose premium went from $12,000 to $72,000 on his south Florida home. But it’s not just states like Florida, California and Louisiana that are experiencing rising ...
About the only thing everyone agrees on is that the state’s insurance rates have been rising sharply. Insurers say they need higher premiums to offset mounting losses from hurricane claims ...
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