Ian threatens Florida’s already unstable insurance market

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The destruction wrought by Hurricane Ian could worsen already existing issues with Florida's insurance industry.

Florida's property insurance market was already in peril. Now comes Hurricane Ian.delivering catastrophic winds, rain and flooding is likely to further damage the insurance market in the state, which has strained under billion-dollar losses, insolvencies and skyrocketing premiums.

More than a dozen companies have stopped writing new policies in the state, and several have closed shop this year. One company was declared insolvent and placed into receivership this week, as Ian was churning toward Florida.or priced out of plans have flocked to the state's public insurer of last resort, Citizens Property Insurance, which this summer topped 1 million policies for the first time in almost a decade.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

DeSantis ignored the insurance crisis in Florida, and spent 2 million of taxpayer money to send a few dozen asylum seekers to Martha's Vineyard. Remember this in November.

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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Ian threatens Florida's already unstable insurance marketTALLAHASSEE, Fla. (AP) — Florida's property insurance market was already in peril. Now comes Hurricane Ian. The massive storm that barreled into southwest Florida delivering catastrophic winds, rain and flooding is likely to further damage the insurance market in the state, which has strained under billion-dollar losses, insolvencies and skyrocketing premiums. freemarket Fla SB cancelled. I’m sure Repulsive Republicans have a cruel stunt in mind
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »

Ian threatens Florida’s already unstable insurance marketIan threatens Florida’s already unstable insurance market.
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