The decision was “necessary to effectively manage risk exposure,” the company said.

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[–] 13 points 3 years ago (1 child)

Florida actually has a state sponsored home owners insurance.

https://www.citizensfla.com/who-we-are

This was after private insurers started bailing out in the early 2000s when it became clear how ridiculously expensive it would be to provide hurricane insurance there.

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  • [–] 4 points 3 years ago

    I'm on Citizens. Every year I get a letter telling me they have the legal right to sell my policy if they find a comparable one in the private sector within 20% of what I'm paying. Every year they fail to find one. The best thing about Citizen's is that they can't leave the state.

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