Florida leads nation in home insurance costs | www.mypalmbeachpost.com

Lynne McChristian is quoted in an article which explains why Florida property insurance rates remaining among the highest in the nation. You might recall that Ms. McChristian was a recent High Noon in Lake Worth guest. Click title for link to the article. Here is where she is quoted.

“Simply, Florida is No. 1 for the cost of homeowners insurance because the state is No. 1 for claims payouts for hurricane losses,” said Lynne McChristian, Florida representative for the Insurance Information Institute. “This remains true despite eight years without a storm.”
Over a 20-year period, Florida accounted for more than 15 percent of claims paid out for natural disasters, with estimated property losses of $65.6 billion., McChristian said. Texas is second at almost 11 percent and Louisiana is third at more than 9 percent. Combined, these three states account for more than a third of all estimated property losses over the past 20 years, and that’s why the rates are highest in those states, she said."