Two back-to-back hurricanes in Florida in recent weeks will likely raise home insurance rates even higher in a state that is already grappling with prices nearly four times the national average, insurance experts told Business Insider.
“There used to be five storms a year. Now there are 30 storms a year. There used to be one strong one and nine weak ones. Now there are nine strong ones and one weak one,” said Oscar Seikaly, CEO of NSI Insurance Group, one of the largest privately owned insurance firms in Florida.
Read full article here.
