Why is property insurance so expensive in Florida?

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I live in Florida and a ton of people are moving here. Even so, there are a ton of property insurance companies pulling out of the state. It makes no sense to me.

In: Economics

13 Answers

Anonymous 0 Comments

FL makes up 10% of property claims, but 80% of property claims involving an attorney.
The state also gets crushed by hurricanes and has a shocking amount of sinkholes.

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