Florida Insurance Crisis

Florida's ongoing insurance crisis, driven by insurers leaving and increased extreme weather risk, may lead to a downturn in the real estate market. Homeowners in Florida pay the highest insurance premiums in the U.S., making it difficult to obtain mortgages. The state's private insurance market has failed, leaving many residents with limited options for coverage. The crisis could negatively...

Florida's lawmakers are unlikely to make major property insurance changes in 2024. They want to give the changes passed in 2023 time to play out. Property insurance is improving, with falling reinsurance costs and more policies moving to the private market....