People looking to leave Florida as they cannot afford insurance [View all]
Amazing this happened with the governor so laser focused on the real problems of his constituents, and not just fighting made up culture wars to try and impress MAGAts x1 billion
Soaring home insurance premiums in Florida are putting residents under unbearable financial pressure, with many telling Newsweek that they are considering leaving the state or moving somewhere cheaper within Florida.
The state has currently the most expensive home insurance premiums in the country, according to a recent report by the Insurance Information Institute. Residents are currently paying on average more than $4,200 per year compared to the national average of $1,700, according to data from Triple I.
While this is due in part to the increased risk of devastating weather events like hurricanes, other factorsincluding an excess of litigation and the dropping out of major insurers from the statehave contributed to the surge in premiums in recent years, for which Governor Ron DeSantis is being blamed.
The Republican governor has been accused of dragging his feet on the mounting insurance crisis in Florida, with Democratic Representative Maxwell Frost recently accusing him of a "lack of leadership."