Florida Home Insurance Crisis: Which Insurance Companies Are Still in Florida?

It's no secret that the Florida home insurance market is facing a major crisis as home insurance companies go out of business and pull out of the state. Florida accounts for only 9% of the country's home insurance claims, but accounts for a whopping 79% of its home insurance lawsuits-- many of which are fraudulent. Because of these fraudulent lawsuits and the high overall claim risks, insurance companies have lost over $1 billion in the last two years. As a result, home insurance premiums are expected to increase by 40% in 2023.

Insurance Fraud Educational Guide: https://www.myfloridacfo.com/division...

Alexandra Shupe - Call, Text, or Email anytime!
Realtor & Former FBI Intelligence Specialist
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