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Homeowners insurance in FL is a mess. The number 2 insurer is the state of FL (Citizens Property Insurance Corporation). I have no doubt they'll be the largest
by JustSomeNobody 4y ago
Homeowners insurance in FL is a mess. The number 2 insurer is the state of FL (Citizens Property Insurance Corporation). I have no doubt they'll be the largest (and possibly only) in the years ahead.
- FuriouslyAdrift 4y agoThe Florida CPIC is backed by re-insurance companies and they are bailing on Florida due to the high risk. https://www.insurancejournal.com/news/southeast/2022/10/25/691475.htm https://www.insurancejournal.com/news/southeast/2022/10/25/6...
- lotsofpulp 4y agoI read that this was not due to flood losses, but rather excessive fraud that the state is not policing causing untenable losses. https://www.nbcnews.com/news/us-news/roofing-scams-florida-property-insurance-hurricane-rcna29649 https://www.nbcnews.com/news/us-news/roofing-scams-florida-p...