Thread: Family friendly places to live around FLL
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Old 09-15-2023 | 07:40 AM
  #43  
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Originally Posted by skytrekker
It's a mess. Want to live in Florida, pay up.


Two major hurricanes made landfall in the state since 2016: 2017’s Irma and 2018’s Michael. No direct hits occurred in Florida over the past three hurricane seasons (2019-2021). Florida, however, is the site of 79 percent of all homeowners insurance lawsuits over claims filed nationwide while Florida’s insurers receive only 9 percent of all U.S. homeowners insurance claims, according to the Florida governor’s Office. To illustrate how lawsuits have weighed on insurer operating costs, JD Supra, citing the Florida Office of Insurance Regulation (OIR), reported $51 billion was paid out by Florida insurers over a 10-year period and 71 percent of the $51 billion went to attorneys’ fees and public adjusters. The 2020 and 2021 cumulative net underwriting losses for Florida’s homeowners insurers totaled more than $1 billion each year.

https://www.iii.org/press-release/tr...-demise-062322


https://www.flgov.com/2022/04/26/cal...rty-insurance/


https://www.orlandosentinel.com/2021...s-report-says/

agree, Florida is a mess. DO NOT move here.
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