Page 57 - Mark Friedlander News Today

Even before Hurricane Ian, Florida's home insurance market was dealing with billions of dollars in losses from a string of natural disasters, rampant litigation and increasing fraud. The average homeowner policy cost nearly three times as much as the national U.S. average.

Hurricane Ian is expected to put a strain on Florida's home insurance market which is already dealing with billions of dollars in losses.

About 12 percent of Florida residents have no homeowners’ insurance – rates are far higher than in the rest of the US.

Even before last week's hurricane, Florida's home insurance market was dealing with billions of dollars in losses from a string of natural disasters, rampant litigation and increasing fraud.

Before Ian, Florida's home insurance market was dealing with billions of dollars in losses from a string of natural disasters, litigation and fraud.

Even before last week's hurricane, Florida's home insurance market was dealing with billions of dollars in losses from a string of natural disasters, rampant litigation and increasing fraud.

Ian could cost insurers up to $47 billion in damages.

Flooding insurance policy holders should fill out their claims as soon as possible, according to FEMA.

In Ians aftermath industry analysts say more companies are expected to falter. Plus, the price of premiums and policies are likely to rise even more.

The Insurance Information Institute projects that Ian will end up being the second-largest property loss event in U.S. history after Hurricane Katrina in 2005.