The home insurance market is collapsing all across the country. Big, brand-name insurance companies are walking away from the riskiest states. And, the companies that are sticking around are often doubling and tripling rates over just a few years. Nothing like this has ever happened before. And nowhere is this crisis worse... than Florida. In fact, Florida is the origin story of this crisis: the home insurance market in every other state seems to be headed down the road that Florida has paved. ...
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the company seeks to shelter itself from future troubles following... the Sunshine State which has hit homeowners hard. In 2023, Florida homeowners paid $6,000 per year in home insurance...
the state. Over the past year, the company decided not to renew 74,000... the Sunshine State. According to the latest data from the Insurance Information Institute, or Triple I, the average...
the Sunshine State's property insurance sector, is canceling coverage for mobile homes and... According to estimates by LendingTree, the cheapest Florida mobile home insurance company for a...
The Sunshine State's insurance industry has suffered for many years from a combination of more frequent, more dangerous hurricanes, causing the cost of claims to rise. Four hurricanes made...
It involved Citizens Property Insurance Corporation, the nonprofit property insurance company created by the state. Citizens had initially been conceived as an “insurer of last resort”...
Farmers Insurance will stop offering insurance coverage in the state of Florida. This includes home insurance, auto, and policies that cover a combination of these. Apparently, the company made this decision in order to better manage its risk exposure in such a hurricane and natural disaster-prone state, CNN reported. The move will affect about 100,000 customers in the sunshine state. But this move will not affect Florida customers who use Farmers Insurance-owned subsidiaries including Bristol W...
The Sunshine State is experiencing a crisis within its home insurance market. According to the Insurance Information Institute (Triple-I), the average Florida homeowner's insurance premium...
from insurance company Insure. Some may surprise you. Which states have the highest auto... car insurance of 2023 The Sunshine State "is so expensive as Florida has the highest proportion...