As climate change exacerbates the frequency and severity of events like droughts, floods, tornadoes, and hurricanes in the U.S., the reality Floridians and insurers in the state are working with is quickly changing.
There are many contributors to Florida’s insurance crisis. One of the biggest contributors are huge insurance payouts attached to yearly storm damage following hurricane season, exacerbated by climate change.
Anyone in Florida who has opened a home insurance bill in the last few years knows premiums have been skyrocketing. New estimates from a data analysis company shows they’ve actually been rising faster than in any other state — a lot faster.
