The insurance industry in Florida is facing upheaval as the state begins the process of cleaning up the aftermath of Hurricane Idalia. In the wake of the storm, insurance companies have seen a surge in claims for damages and losses, leading to an influx of money leaving the industry. As a result, insurers have begun to decrease the amount of coverage they are willing to offer, leaving many Florida homeowners unable to get the coverage they need. Meanwhile, some insurance companies have pulled out of the state entirely, making it even harder for policyholders to find policy coverage. The situation has put many Florida homeowners in a precarious situation as they try to recover from damages caused by Idalia.
Florida’s insurance industry faces upheaval amid Idalia cleanup
