FL property insurance crisis: US Senate demands answers

Gov. Ron DeSantis sounded the alarm on citizens last month, saying if a major storm hit Florida, the insurer of last resort wouldn't be able to pay up.

[johnbruenn]

We dropped our homeowners insurance. We take what we would have paid for insurance and put it in savings. Insurance premiums are insane, and you’ll never see that money again. Screw them.

[IvyEnergy]

Why isn’t the media doing stories on car insurance rates as well??? I have only seen stories on homeowners insurance.

[rond]

50 years ago people built summer cottages near the water on stilts and then closed them up and shuttered the windows . Today in out 2 class system millionaires are building million dollar homes 100 ft from the water and in flood zones by canals . Our insurance shouldn't go up for these people, let them pay .

[LeroyJenkins-nngo]

What are they doing with all the billions they’re collecting in years with no catastrophic storms?

[artbobik]

my Florida home insurance went from 4K to 8K in last two years - auto insurance is almost 4K for two cars with no tickets or claims in over 30 years - I am now forced to work full time until I'm dead - Sick of hearing this is the Free State of Florida on the radio - Nothing is free anymore -

[mrright]

50% additional premiums? I think that would be too much we would seriously consider moving.

[biscayne]

Insurance premiums are killing us here in Florida and our governor does nothing!

[PresidentNotSoSure]

So when are the property flippers going to be responsible for raising home costs which lead to insurance companies raising rates or leaving?

[kazithecanecorso]

The government needs to stop taxing social security.

[celestialtl]

Here’s their answer…people don’t want to pay to insure their expensive beach houses!

[chu_bakka]

Home insurance up 100%
Auto insurance up 50% over last couple years. No claims by me but huge Law Firms claiming Billions collected is where control can be achieved BUT who pays the politicians with all that money?

[TheOtto]

Unsustainable. I'm not talking about home insurance.I'm not talking about environmental issues. I'm talking about this society in general. We're screwed.

[odinsbaer]

I left FL 9 years ago each year it grows more insane

[JustSayNO]

"Where ever sea levels are rising along the coasts, it creates insurance risks." Senator Whitehouse (D) believes that the sea level rises in some locations but not other locations. Somebody please tell Senator Whitehouse (D) that the entire sea is connected and therefore cannot selectively rise in only certain locations. If it rises in Florida, it will be rising in Rhode Island also.

[dirktravels]

To bad they don't have a governor that can deal with this crisis.

[davidvincent]

I have a REAL HARD TIME paying for insurance that can only really assist Southern Florida because they get the worst of the worst storms. Yes we get them up here in Tampa also but not catastrophic YET they want us who have fewer risks to pay for people that are aware when they purchase that they are high risk. Here is an idea MAKE THE PEOPLE IN THE HIGH RISK AREAS PAY higher premiums I have been here for 20 years this November and have never had to ask for insurance to pay anything. By our estimates we have paid over $100K over time and never gotten a cent of it back because of NO CLAIMS. Maybe they need to look at this a different way ya think?

[reensure]

Wherever a storm comes ashore the first claims for relief under an emergency declaration will be filed in Palm Beach County ... that's a well-oiled claimant machine.

[MattNousak]

Repeatedly rebuilding homes and communities in flood prone areas and areas clearly being impacted by the rise of sea level, land subsidence, and/or climate change is foolish. And expecting insurers to just suck it up is idiotic. The simple reality is that taxpayers have been subsidizing the coastal real estate industry for decades -- and now that homeowners are faced with actually paying the true cost of insuring their properties, they're finding it's unaffordable. Mother Nature is going to win because she's bigger and badder than any sea-wall, elevated construction, or earthworks you can construct.

[cubanopct]

My home owners insurance went from $2k to $4k last year and now is $5k

[michaelwells]

~ Make America Florida...~ Na ....we Cool...