Revealed – what's tearing apart Florida's homeowners' insurance market?

It was also noted that while two major hurricanes made landfall in Florida since 2016 – 2017’s Irma and 2018’s Michael – there have been no direct hits over the past three hurricane seasons, from 2019 to 2021. And yet Florida accounts for 79% of all homeowners’ insurance lawsuits filed nationwide, and insurers operating in the state receive only 9% of all US homeowners’ insurance claims, based on data from Gov. Ron DeSantis’ office.

“Floridians pay the highest homeowners insurance premiums in the nation for reasons having little to do with their exposure to hurricanes,” said Triple-I CEO Sean Kevelighan.

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