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Reply to "RIP Florida real estate "
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[quote=Anonymous]Fascinating data: Florida is the top insurance loss market in the country according to 2022 data. Insurers lost $67 billion, the largest number in the country, even eclipsing California. Also of note: Florida only has 22 million citizens, while California has 38 million (1.7x more people) On a per capita basis, Florida blows away all other jurisdictions. Because the losses are five times larger now when a disaster hits, and the disasters hit too often because no one except California gave a sh#t about climate change - twenty year events are now occurring every other Loss per capital: Florida - $3045. California - $1657. https://www.iii.org/publications/a-firm-foundation-how-insurance-supports-the-economy/a-50-state-commitment/incurred-losses-by-state[/quote]
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