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Learn how Florida home insurance companies are leaving, canceling or raising rates due to fraud, storm risk and other factors. Find out how lawmakers are trying to stabilize the market with new ...
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 ...
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 ...
In 2022, the average home insurance premium in Florida remained the highest statewide average and had risen to $4,231 per year (or triple the national average), [249] [250] while premiums in the state for commercial property insurance had doubled over the preceding year, premiums for builder's risk insurance had increased by 30% over the ...
Citizens is a nonprofit insurer of last resort in Florida that provides windstorm and property insurance for home-owners who cannot find coverage elsewhere. It was created in 2002 from the merger of two entities and has over 1.3 million policyholders as of 2011.
People's Trust Insurance is a private home insurance company in Florida, founded in 2008 by George Schaeffer and Michael Gold. It has over 110,000 policyholders, a financial stability rating of "A", and a rapid response team for claims.
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