2min chapter

Power House cover image

BONUS: A look inside the Florida insurance market amid Hurricane Ian with Ryan Letzeiser of Obie

Power House

CHAPTER

Florida Insurance Premiums Are Going Up 9% Year Over Year

The insurance information institute reports that Florida already has the highest premiums in the country and those premiums have been growing at 33% a year compared to the national average. We are looking at broad convergence of problems. You have inflation cost to rebuild really expensive. You have rate increase very expensive. Where do you go from here? I just don't know. It is a really, really hard nut to crack.

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