Critics say DeSantis should have focused on making insurance affordable for Floridians rather than getting involved in the 'culture wars.'
On average, Florida homeowners pay over $4,200 per year for home insurance, triple the national average of $1,700, according to data from the Insurance Information Institute .
Insurance premiums have grown significantly since DeSantis won the gubernatorial race in late 2018, for a total of a 206 percent increase, as reported by Yahoo Finance—which makes them the highest in the entire country. In the last year alone, insurance premiums in the state surged by 42 percent.2024 presidential electionFlorida Governor Ron DeSantis speaks during a campaign rally on June 26, 2023, in Eagle Pass, Texas.
Critics have blamed DeSantis for failing to shore up the volatile market, saying he should have focused on making Florida's insurance affordable rather than getting involved in the so-calledreached out to DeSantis' office via email for comment on Thursday. But why are insurance premiums so high? Most of the four major insurers that left Florida in the past year mentioned the risk from hurricanes. But while extreme weather events like hurricanes, storms, floods, fires and droughts are pushing costs up, experts say that these are not the only reasons why insurance is so expensive in the state.
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