Florida homeowners face significant increases in insurance premiums, with costs jumping 43.2% since 2018. The countrywide average rate change also rose sharply, from 2.5% to 3.8% from 2018 to 2021, to 6.2% in 2022 and 11.3% in 2023. The housing industry leaders have urged Congress and the Biden administration to investigate the causes and propose remedies, including federally-backed homeowners insurance.
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Soaring Home Insurance Costs In Florida: Industry Leaders Call For Federal Investigation
