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Another startling fact: six out of the 10 most expensive cities for homeowners insurance are in Florida, “and all have average annual rates above $11,000,” according to Insurify.
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:
Residents there now pay an average of $4,200 per year for home insurance, more than double the national average of $1,700, a stark increase that could lead to the reversal of torrid population ...
Enter the Florida Legislature, which passed a slew of reforms in December 2022 to crack down on litigation costs and limit the state's involvement in the property insurance market, including a ban ...
Florida Peninsula began writing home insurance in Florida in April 2005. It sells property coverage exclusively, insuring nearly 150,000 properties throughout the state through a network of 2,500 ...
However, since the late 2010s, an influx of high-net-worth individuals significantly increased the cost of living, especially housing and private school fees. The UAE went from being the 90th most expensive destination for expatriates in 2013 to the 31st in 2023. [14] As a result, thousands of middle-class workers left the country. [14]
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