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

Higher chance of destruction by hurricanes, most of the state is very low lying so higher risk of flooding, insurance fraud, long term outlooks aren’t great either with climate change and the water tables rising

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