Florida property insurance industry still in a state of crisis

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The Florida property insurance market is still in a state of crisis, suffering a nearly $1 billion loss in 2020 alone.
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Great my INS will go up again! Never claimed it, still goes up!

jtjt
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Not living in Florida I don't know why the the state can't control litigation and phony claims on homeowner's insurance policies better. Florida is known for being business friendly and limited regulations. The problem is this allows scams and questionable practices to exit. Correct me if I'm wrong about this.

grizzleyadams