What’s fueling Florida's insurance rate hike?

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[paulrodriguez]

Greedy politicians and greedy companies.

[aaronhiggs]

Overinflated housing prices make the insuring of these homes more risky. Risk means larger potential loses. Insurance companies are just reacting to the market. Blame the housing boom and realtor greed.

[ES-mccc]

Maybe the fact that Florida will be underwater after the pole shift.

[stevencain]

Ebay insurance claims for items not showing up

[reginafisher]

Last time I heard there were only two options, the state-funded option, or one insurance company that will only ensure people with homes over 600, 000.

[arielmatinez]

FL house prices have double or tripled in the last couple years so insurance have to go up! It's called inflation!

[markkenny]

Fact is Central Florida has had more flood claims in the last 2 years then any other county in the US. Insurance companies paid 107 billion in claims during that time. They haven't had a rate increase in 5 years and the state gave them the okay for a minimum 20% increase some when as high as 110% some have stopped writing altogether. I do property inspection for all the companies in central Florida!

[ladywolverine]

With the floods and fires the past few years you do the math.

[shaeharper]

Idk but the auto insurance rates are double here than in NC and GA.

[Maliceless]

UHHH DUHH, climate change perhaps?? ERRRR DUHHH

[ginoable]

the insurance companies know soon most of Florida will be underwater and they want out. the best way to get out is to put the price so high the homeowner will go someplace else to find insurance. the government can't make the insurance companies charge less unless they are not really republicans. you remember they tout free enterprise and market.

[edwingonzalez]

New Orleans Katrina insurance didn't want to pay. Insurance companies bigger scammer, want to receive but not pay when required.

[Joedoeswhat]

All our rates are connected that's what people don't understand you don't pay for ourselves everyone pays for everybody so somebody steals somebody else's pay for it

[donaldkasper]

Shop around. This is a plan. You live in a hurricane zone.

[David-yzif]

Bro what my insurance jumped 20 bucks a month I barley drive and never been in a accident lol

[introvertsrock]

nothing new
Insurance companies pulled out of Florida for home insurance a decade ago after the state denied them a rate increase.

[Jodyrides]

Think about it. Multiple sinkholes happen in Florida every day, Florida is probably the most vulnerable part of the world to hurricanes, Florida also has droughts and forest fires which was a big surprise to me.. Florida is also the lightning capital of the United States… people are fleeing California, New York, Washington and Oregon because of the laughable out of control politicians in those states. The prices of houses in other states like Arizona Texas Tennessee Delaware and Florida are increasing ….So naturally, as house values increase, house replacement costs increase, insurance companies have to keep step and increase rates. No surprise