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Florida is suffering thru an insurance crisis, where average premiums cost homeowners US$6,000 per year and insurers like Farmers have already left. These storms will continue to exacerbate this problem for Floridian homeowners.
Global warming is hitting people right smack in the wallet.
Sources:
https://www.newsweek.com/florida-insurance-crisis-explained-1812418
https://www.civilbeat.org/2024/03/how-floridas-home-insurance-market-became-so-dysfunctional-so-fast/