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Flood insurance companies
Flood insurance companies







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"Many of the insurance companies in Florida are still saddled with the tailing litigation stemming from recent hurricanes, most notably Hurricane Irma," Redfern told Newsweek in an email. That move follows Allstate and State Farm, which also said they will not issue new home insurance policies in the state.Īs well as fewer options, the cost of home insurance in states hardest hit by climate change has also been rising.Īverage annual property insurance premiums had risen to more than $4,200 in Florida by the end of 2022-triple the national average.Ĭritics have said DeSantis, who is seeking the Republican nomination for president, should have done more to make housing and insurance affordable in his state rather than focusing on "culture war" issues.įlorida's legislature has tackled the issue in recent years, but much of the focus has been on shielding insurance companies from lawsuits and setting aside money for re-insurance to help protect insurers.ĭeSantis' press secretary Jeremy Redfern said new laws targeting frivolous litigation against insurance companies show the governor has been focused on the issue. As heatwaves scorch the U.S., how hot is too hot for humans?Īnd Farmers recently announced that it will limit writing new home policies in California, citing wildfire risks and high costs.Extreme heat is killing more Americans than ever.Trump official warns GOP could lose Florida as Farmers Insurance leaves.









Flood insurance companies