Florida Homeowners to Pay Higher Premiums as Reinsurers See Risks and Pull Back

Home insurance rates are going up again in Florida, as rate increases by reinsurers get passed on to homeowners. 

Reinsurers are reacting partly to five years of outsize losses from catastrophes around the globe, though Florida has been largely spared. Many are concerned that storms and wildfires are intensifying as a result of climate change. Reinsurers backup insurers, helping them pay claims. 

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