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submitted 8 months ago by MicroWave@lemmy.world to c/news@lemmy.world

The skyrocketing cost of insurance premiums in Florida is leading residents to drop their insurance, consider selling their home, and even move out of the state, according to recent reports.

For years now, the sunny, vibrant state has been a magnetic destination for many Americans—a phenomenon which has been driving up demand for housing, especially during the pandemic, as well as home prices.

But while Florida was the number one state in the country that people moved to in 2022, it was also the one with the highest number of residents wanting to relocate, according to a SelfStorage.

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[-] BigMacHole@lemm.ee 126 points 8 months ago

It's a good thing their Republican Leaders are working hard to help them with this issue.

[-] sirboozebum@lemmy.world 71 points 8 months ago

Obviously woke insurance companies are to blame!

[-] cedarmesa@lemmy.world 39 points 8 months ago* (last edited 8 months ago)
[-] PsychedSy@sh.itjust.works 14 points 8 months ago

The weather doesn't listen to legislators.

[-] greenfish@lemmy.world 16 points 8 months ago

Won't stop them from trying! The general assembly in NC literally outlawed taking ocean rise into account for determining insurance rates 🤣

[-] frezik@midwest.social 7 points 8 months ago

Capitalists being evil but not stupid, I'd expect insurance companies to start refusing to do business in the state.

[-] afraid_of_zombies@lemmy.world 1 points 8 months ago

I know I read some story about an Emperor who tried to prove he could order the tides and drowned.

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this post was submitted on 23 Oct 2023
689 points (97.5% liked)

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