Why are so many insurance companies pulling out of providing coverage in Florida?
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Widespread insurance fraud. It’s the easiest state in the country to sue an insurer. Homeowner’s insurance fraud in Florida is a billion plus a year business. Along with Medicare fraud. A huge percentage of pill mills, steroid clinics and shit are also in Florida for that reason. Grifting the government and insurance companies are a huge industry down there and the insurance companies don’t see a way to operate profitably in that environment.
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