Stay updated with breaking news from Mark Friedlander. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Research shows the soaring costs hint at widespread, unpriced risk as the global climate warms, with states like California, Florida and Louisiana hit hardest.
Citizens Property Insurance is backed by the state and is known as the last resort.
Stephanie Donner says her condominium insurance increased from about $800 to $1,800.
The Insurance Information Institute said Citizens moved about 300,000 policies to private companies since October of last year, as the agency had as many as 1.4 million customers last October.
Governor Ron DeSantis again sounded the alarm that state-run Citizens Insurance in Florida is not solvent.