Recent research has highlighted a concerning trend in the Florida home insurance market, where several insurers that went bankrupt were previously rated as high-quality. This revelation adds to the instability of an already shaky market. A report also found that between 2009 and 2022, 20% of the insurers in Florida considered financially stable eventually went insolvent. This situation underscores the precarious nature of the state's insurance industry, which might be more troubled than previously understood. Additionally, while Florida was noted for its resilience in a report ranking home resilience in hurricane-prone zones, states like Texas and Alabama scored poorly.
Florida home insurers that went bankrupt were rated as high-quality, research finds, adding risk to an already shaky market https://t.co/jwcPgiLF5L
Florida’s home insurance industry may be worse than anyone realizes https://t.co/ELv1KVHrGz via @leslieatlarge
20% of insurance companies doing business in Florida rated as financially stable went insolvent during the period 2009 to 2022. “That’s a signal that Florida’s insurance market may be full of weak players and is even more precarious than already known.” https://t.co/wSCFW4vl04
Texas, Alabama score poorly in report ranking home resilience in hurricane-prone zones while Florida shines https://t.co/u0eQpxgt01
Florida home insurers that went bankrupt were rated as high-quality, research finds, adding risk to an already shaky market https://t.co/PfzBuuVZNe via @climate
Florida home insurers that went bankrupt were rated as high-quality, research finds, adding risk to an already shaky market https://t.co/Md8A0V2Hrc