Insurance Industry Braces for Hurricane Idalia

The Wall Street Journal, Aug. 29, 2023-Deborah Acosta (subscription)
Insurance premiums have tripled for Florida homeowners in the past five years, from an average of $1,988 in 2019 to $6,000, according to the Insurance Information Institute. A combination of extreme weather events and excessive litigation has led the insurance industry into a crisis, with multiple insurers pulling out of the state.