After Years of Abusive Lawsuits, Florida Personal Lines Coverage Reaches Crisis Levels — Part 2
After years of abusive lawsuits and fraud, homeowners insurance rates in Florida are through the roof – and both agents and policyholders are suffering.
December 29, 2021 at 01:00 AM
5 minute read
InsuranceThe original version of this story was published on Law.com
Editor's note: Part one of "Florida personal lines coverage reaches crisis levels" was featured on PropertyCasualty360.com Tuesday, December 28, 2021.
As a result of multiple forms of losses, Florida agents currently find themselves with fewer options when placing residential property coverage. A few major carriers like CNA, Travelers and Chubb still write homeowners, but restrictions are tightening around wind, and a property policy in Florida without wind coverage is next to useless.
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