Idalia Could Cost Florida’s (Un)Insured

Hurricane Idalia could cause or exacerbate major problems in the Florida insurance market. With predicted insured losses ranging from $4.05 to more than $25 billion, the storm could end up forcing Citizens, the state’s insurer-of-last-resort, to use “special assessments” to recover losses from policyholders around the state. “If someone is paying $3,000 [in annual premiums], … Continued

The post Idalia Could Cost Florida’s (Un)Insured appeared first on Nexus Media News.