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Month: March 2022

Grim new developments reveal more trouble in Florida home insurance market

Grim new developments reveal more trouble in Florida home insurance market

The news keeps getting grimmer for Florida insurance customers: Displaced policyholders with open claims are having trouble getting new coverage; a financial stability ratings firm is asking for a special legislative session to tackle a looming funding crisis; and a leading insurer of homes worth $1 million or more is pulling out of the homeowner market, leaving wealthier homeowners with dwindling choices.