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Florida insurance marketplaceReuters
•79% Informative
Florida has been hit with four major hurricanes in the past four years .
Some insurers have pulled back on coverage.
Average homeowner premiums in Florida have surged nearly 60% between 2019 and 2023 .
Analysts and insurance experts predict more nervousness about insurers following Hurricane Milton .
The increased hurricanes could increase reliance on the state-backed nonprofit insurer Citizens .
Progressive began reducing exposure in mid-2022 to focus on states with less catastrophe exposure.
Farmers Insurance exited its own-branded coverage in 2023 .
Travelers has avoided underwriting in Florida due to the weather-related risk there, Travelers president of personal insurance Michael Klein said on an April earnings call.
VR Score
89
Informative language
93
Neutral language
85
Article tone
formal
Language
English
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56
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Attention-grabbing headline
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short-lived
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