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An increasing number of Florida homeowners are choosing not to purchase wind and flood insurance coverage and are taking the risk due to double-digit increases in insurance rates.
The home insurance problems facing Florida took another hit on Friday following the news that Progressive won't be renewing about 100,000 policies.
Progressive has joined AAA and Farmers as the latest major insurer with plans to offload homeowners’ insurance policies in Florida.
Insurance agents in Florida are beginning to feel the impact of the rebalancing plan by Progressive to not renew about 100,000 homeowners policies.
While there's no clear end in sight for rising car insurance rates, experts said there are things people can do to save money.