Property insurance companies drop 50,000 Florida policy holders ahead of hurricane season
Insurers facing ‘significant challenges’ due to increased litigation, devastating hurricanes in recent years
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Property insurers dropping 50,000 policyholders as hurricane season approaches
ORLANDO, Fla. – With hurricane season weeks away, three property insurance companies are dropping more than 50,000 homeowner policies in Florida and some of the policy holders have yet to be notified.
It’s the latest twist in Florida’s on-going property insurance problem.
Angela Holland said she got a notice in the mail saying her insurer was not renewing her policy.
“I haven’t filed a claim on insurance in 25 years,” she said. “When I got the letter, I had just came home from COVID, being in the hospital, and I had to deal with trying to find insurance.”