The homeowners insurance crisis in Florida is attracting new companies to invest in the sector as others close shop.
Florida is facing a homeowners insurance crisis.The state has the highest premiums in the country, which has forced residents to give up their coverage, with some contemplating relocation and selling their properties. Meanwhile, several providers have bolted out of the state, blaming high costs as a result of increased risks brought about by more frequent extreme weather events in the state.However, some see the situation as an investment opportunity.
The company aims to write $475 million worth of insurance premiums by 2028, the Miami Herald reported, for an average customer premium of $4,775.'We firmly believe that this venture presents an extraordinary chance to achieve exceptional returns in an environment of change and growth,' the outlet quoted the company's pitch as saying.Newsweek reached out to Gruters via email for comment.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Urban Meyer trending for his answer to his favorite cocktail after beating GeorgiaThe former Florida coach had success against Florida.
Read more »
Week 9 Florida HBCU football recap: Florida A&M wins first SWAC East titleA glance at how state HBCU teams fared on Saturday.
Read more »
Houston Democrat discusses his decision to confront Republican colleague on the floor of the Texas HouseWalle says he has no regrets about the heated encounter that was caught on camera in the Texas House.
Read more »
Texas Republican says Congress must move past Speaker battle to keep government fundedRep. Tony Gonzales, who represents two-thirds of Texas-Mexico border, addresses a controversial state immigration bill.
Read more »
Mike Pence Drops out of 2024 Race at Republican Jewish CoalitionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Democrat Brandon Presley seeks big turnout in Nov. 7 bid to unseat Mississippi's Republican governorDemocrat Brandon Presley is trying to block Republican Gov. Tate Reeves from winning a second term in Mississippi
Read more »