Idalia to boost Florida apartment insurance costs further
Hurricane Idalia is expected to increase insurance costs for Florida commercial real estate (CRE), particularly owners of apartments and other multifamily properties already grappling with soaring premiums driven by climate change, industry executives and analysts said. Ten industry executives and analysts said that in turn is pushing up insurance costs for commercial real estate developers in California and the southern coastal Sun Belt States, particularly Florida, which is hit by more hurricanes than any other state, according to U.S. government data.
Source: yahoo.com
