This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
FLORIDA – Since last year, U.S. home insurance premiums have gone up around 4 percent, but that’s not the case in Florida.
Florida’s home insurance rates skyrocketed 25%, and the Insurance Information Institute projects as high as 40% by the year’s end. According to the III’s Florida spokesperson, Mark Friedlander, a combination of the Florida Supreme Court, roofing fraud, and frivolous lawsuits have made Florida #1 in the nation for home insurance increases, both in raw dollars and percentages.
