Senate Committee Hearing Explores Climate Change's Impact on Florida's Insurance Crisis as Homeowners Suffer Amid Property Insurance Crisis from nc insurance search Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:36 👁 View: 320K times ✓ Published: 07-Jun-2024
Description: Florida homeowners have faced skyrocketing insurance premiums, dropped policies from insurers, and battles over storm claims in recent years due to the state's property insurance crisis. A Senate committee hearing was held in Washington, D.C., to discuss the role of climate change in Florida's crisis and how it could foreshadow problems for homeowners nationwide. Witnesses testified that many Florida insurers are financially weaker than their ratings indicate. They said the state lacks comprehensive data on insurance policies, claims, and costs to determine the true drivers of rising rates.