Florida insurance crisis could spill over to the state's housing market if residents are left without affordable home insurance.
The ongoing insurance crisis in Florida, fueled by the exodus of major insurers and the increased risk of extreme weather events, could trigger a downturn in the state's real estate market, experts told Newsweek.Homeowners in the Sunshine State currently pay the highest insurance premiums in the country.
'There's a large gap in the market of homeowners who would like to have affordable policies from private insurers but are unable to find them and have to turn to a state-run entity called Citizen Property Insurance,' he said.There are currently an estimated 1.3 million homeowners in the Sunshine State insured by Citizen Property, according to Keys.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
New Illinois health insurance proposal would ban 'junk insurance' and 'step therapy'The Healthcare Protection Act (HPA) seeks to prohibit step therapy, eliminate prior authorization for crisis mental health care, enhance network adequacy and curb unchecked rate hikes for large group insurance companies.
Baca lebih lajut »
Bills that could lower property insurance costs in Florida head to Gov. DeSantisThe Florida Senate is moving forward with several bills that could lower property insurance costs.
Baca lebih lajut »
Home Insurance Rules Could Change as State Grapples With CrisisAmid skyrocketing premiums, Louisiana's insurance commissioner proposes reforms to entice more insurers, targeting an overhaul.
Baca lebih lajut »
Florida Atlantic Owls vs South Florida Bulls Line MovementCollege Basketball line and odds movement for Florida Atlantic Owls vs South Florida Bulls on Feb 18, 2024.
Baca lebih lajut »
Hundreds of Northeast Florida athletes compete in Special Olympics Florida ‘Area Games’Hundreds of athletes in Northeast Florida showed off their talent Saturday as they competed in the Special Olympics Florida “Area Games.”
Baca lebih lajut »
California's insurance crisis resulting in canceled policies, increased rates. Here's what to knowAmid an ongoing insurance crisis in California, many customers are being dropped by their insurance companies or find themselves paying higher rates.
Baca lebih lajut »