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Florida had the highest percentage — 20% — of homeowners paying that annual amount for homeowners insurance in 2023, according to the Census Bureau 2023 American Community Survey, released ...
In May, Tallahassee lobbyist Fred Karlinsky, who represents numerous Florida-based insurers, told the ratings agency AM Best during a panel that he was also pessimistic about falling rates.
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.
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 ...
Florida homeowners, already facing an anxious few months because of the COVID-19 pandemic, face a new threat - the prospect of major cost increases for property insurance. As the Sun Sentinel ...
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 ...
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