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Of the $165 billion in natural disaster–caused damage the U.S. experienced in 2022, $116 billion of it was in Florida. Average annual home insurance premiums are triple the national average ...
Florida's homeowners insurance crisis has become a nightmare for many homeowners, driving them out of the state. Home insurance premiums continue to increase, with limited competition in the market.
A 2021 analysis by then-Florida Insurance Commissioner David Altmaier found that Florida made up 8% of the nation’s homeowners’ claims in 2019, but 76% of its lawsuits.
Addressing the homeowners insurance crisis in Florida will require greater political will than we have seen in Tallahassee in recent years.. Floridians face skyrocketing homeowners insurance ...
Florida’s crumbling homeowners insurance market is exposing one of the state’s long-running flaws: its reliance on a single company to certify the majority of the state’s insurers.
Floridians already pay the highest home insurance premium in the nation at an average of $6,000 a year in 2023, a year-over-year increase of 42% and 3.5 times higher than the US average of $1,700.
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