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You could read the article? It has to do with regulatory changes, rising fraud, and a string of hurricanes which drove prices up in FL and temporarily reduced c
by guywithahat 1y ago
You could read the article? It has to do with regulatory changes, rising fraud, and a string of hurricanes which drove prices up in FL and temporarily reduced competition. Since then rates now seem to be growing behind the rest of the nation as more small insurers enter the FL market and compete.
What is important to remember though is weather event =/= climate change. We expect a certain amount of randomness in hurricanes and natural disasters, and saying a year with more hurricanes is due to climate change is the same as saying a cold winter disproves global warming/climate change.