The big reason Florida insurance companies is failing isn’t merely hurricane exposure – it’s fraud and legal actions
The big reason Florida insurance companies is failing isn’t merely hurricane exposure – it’s fraud and legal actions Hurricane Ian's extensive destroy is an additional emergency to possess Florida's already unstable insurance policies business. Although homeowners insurance rates in Fl are almost multiple the fresh new national average, insurance agencies was in fact losing money. Half dozen failed since . Now, covered loss from Ian try estimated in order to meet or exceed Us$forty mil Hurricane risk might seem such as the apparent state, but there's a insidious rider with