Researchers at the Insurance Information Institute (Triple-I) have determined that home insurance premiums in Florida rose at a much lower rate than originally projected in 2022 (41% less) and 2023 (80% less).
Tag: Fl property rates
State of the Florida Property Insurance Market
The state’s property and casualty insurance markets are in crisis. Insurers struggle to cope with rising litigation costs and billions of dollars in damages from hurricanes. Most insurance companies are cutting back on their services, limiting their coverage, and increasing rates. Other insurance companies have left Florida altogether or collapsed, leaving property owners scrambling for… Continue reading State of the Florida Property Insurance Market