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Florida Leads the Nation in Highest Home Insurance Costs: Why 20% of Homeowners Pay $4K Annually. ... rates increased a startling 43.2% in Florida between 2018 and 2023, according to S&P Global data.
Florida’s home insurance crisis may be causing residents to flee the state in droves as premiums skyrocket. Rising home insurance rates in Florida could be driving people away. What’s happening:
Mark Friedlander, director of communications at the Insurance Information Institute, cited to CBS News Miami an internal study that found 15% to 20% of Floridians are forgoing home insurance. That ...
Building homes in disaster-prone areas is the largest individual driver of spiking home insurance rates, ... Florida, which is hit yearly by hurricanes, gained six million new residents between ...
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 ...
In the spring of 2012, Florida Governor Rick Scott stated in a survey with the Florida Council of 100 that Citizens Insurance had $504.8 billion in risk and just $6.1 billion in cash reserves. PolitiFact Florida, a fact checker of the Tampa Bay Times and Miami Herald, researched Scott's claims. They concluded that while the company did have ...
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