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

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

  • paper_clip
    13•1 year ago

    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.

    • @dynamojoe
      4•1 year 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.