Florida's Insurance Crisis Sparks Mass Exodus as Premiums Hit $11,000 Yearly

Miami, Sunday, 17 November 2024.
Florida homeowners face unprecedented insurance costs, with average premiums reaching $10,996 in 2023 - the highest in the nation. One in five seniors are planning to leave the state, while recent hurricanes causing billions in damages have intensified the crisis. Despite some market improvements, including new insurers entering the state and reduced litigation, many residents find themselves priced out of their American dream, forcing difficult decisions about relocation.