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72k is a drop in the bucket to what happens in FL. https://insurify.com/homeowners-insurance/news/progressive-dropping-100k-florida-homeowners-policies/ https:

• SigmundA 3y ago
  Yes living in FL its ridiculous. It's not just the premium increases and lack of competition, everyone is getting hit with needing to replace their roof if more 15 years old or they will cancel you. Citizen which is state backed makes you move to private if you get an offer thats <= 10% more expensive as they don't want people on government insurance.
• bombcar 3y ago
  > “Floridians are seeing homeowners insurance become costlier and scarcer because, for years, the state has been the home of too much litigation and too many fraudulent roof-replacement schemes” I've often wondered about the whole roof bullshit as it seems everyone around here expects a free roof replacement anytime it hails. At some point it's unsustainable. (The idea behind roof replacement insurance is/was a good one, as a damaged roof quickly destroys the entire building, water is the building destroyer. But when you have people driving around after a hailstorm offering homeowners free roofs if they sign over the ability to work with their insurance, obviously something is wrong.)
  • SigmundA 3y ago
    One insurance agent I know said much of it came from requiring legal fees be reimbursed, so lawyers where helping people go after insurance for even minor claims while racking up large legals fees to do so that insurance has to pay for. There was a lot of people getting new roofs for very minor damage and roofers going around trying to facilitate the process.
  • tmaly 3y ago
    Politicians should address the fraud first. Telling Farmers they can do car insurance if they are pulling out of home insurance is not going to work in my opinion.