Reply to thread

Message

<blockquote data-quote="Babagounj" data-source="post: 5673428" data-attributes="member: 12952">[URL unfurl=&quot;true&quot;]https://www.foxbusiness.com/economy/property-insurance-going-up-away-many-brewing-crisis[/URL]Big names including State Farm, Allstate, and Farmers Insurance have announced they are not writing new business in California, and seven insurers have been declared insolvent in Florida since early 2022. The governor&#039;s office says that in 2019, 8.6% of property insurance claims in the U.S. were filed in Florida, yet 76.45% of all property insurance litigation in the U.S. occurred in the state.The governor&#039;s office has emphasized that it will take time for Florida&#039;s recent reforms to kick in, but in the meantime, annual property insurance premiums have soared, jumping 42% this year to $6,000 in the state, compared to the national average of $1,700. Roughly 15% of homeowners in Florida don&#039;t have property insurance, more than twice the national average of 7%, according to the Insurance Information Institute.</blockquote>

[QUOTE="Babagounj, post: 5673428, member: 12952"] [URL unfurl="true"]https://www.foxbusiness.com/economy/property-insurance-going-up-away-many-brewing-crisis[/URL] Big names including State Farm, Allstate, and Farmers Insurance have announced they are not writing new business in California, and seven insurers have been declared insolvent in Florida since early 2022. The governor's office says that in 2019, 8.6% of property insurance claims in the U.S. were filed in Florida, yet 76.45% of all property insurance litigation in the U.S. occurred in the state. The governor's office has emphasized that it will take time for Florida's recent reforms to kick in, but in the meantime, annual property insurance premiums have soared, jumping 42% this year to $6,000 in the state, compared to the national average of $1,700. Roughly 15% of homeowners in Florida don't have property insurance, more than twice the national average of 7%, according to the Insurance Information Institute. [/QUOTE]

Verification