6 major property insurance companies outline future plans in Florida after back-to-back hurricanesLawsuit filed against St. Johns County public safety ordinance claims it targets panhandlers, violates 1st Amendment
Hurricane Milton alone caused an estimated $55 billion in property damage across Florida. Despite these losses, the six insurers that came out with statements are reaffirming their commitment to Floridians.In a statement to News4JAX, Citizens Property Insurance, Florida’s state-backed insurer, said: “We’ve been providing property insurance in Florida since 1998. As Floridians ourselves, we’re committed to the state, with most of our employees based here.”
Brian Wilcox, a commercial insurance agent at Five County Insurance, believes that hurricanes Helene and Milton could result in higher insurance rates for property owners across Florida.