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Florida vs. California: How two states are facing the insurance crisis
2025-05-05 04:45:04| Spiritual Career Counseling
California and Florida have for years been the canary in the gold mine for a homeowner insurance crisis that experts warn might soon spread to many more states across the country.The two disaster-prone states, which face different challenges within their own markets, have seen homeowners insurance premiums skyrocket in recent years as carriers dealing with rising costs and growing catastrophe exposure either significantly hiked their rates or cut coverage in the most vulnerable areas, leaving homeowners with limited options.Despite facing similar challenges, the two states are experimenting with wildly different solutionsonce again becoming examples for the rest of the country of the dos and don'ts of a crisis that is expected to spread across the nation.Why It MattersThe homeowners insurance crises in California and Florida have drastically different causes, but they have one element in common: both coastal states are particularly vulnerable to natural disasters, with wildfires in Ca...
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