Florida Leads the Nation in Highest Home Insurance Costs: Why 20% of Homeowners Pay $4K Annually [Yahoo! Finance]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Yahoo! Finance
S&P Global data. And one state is taking the lion's share in terms of homeowners paying $4,000 or more annually . Florida had the highest percentage — 20% — of homeowners paying that annual amount for homeowners insurance in 2023, according to the Census Bureau 2023 American Community Survey , released Sept. 12. Even more concerning for owners, rates increased a startling 43.2% in Florida between 2018 and 2023, according to S&P Global data. These higher rates “can make it harder for homeowners at the edge of their affordability range to meet their monthly mortgage payment obligations,” according to a recent Realtor.com report. As Keith Griffith, Realtor.com writer and author of the report explained, home insurance premiums have risen sharply across the country in recent years as insurers faced record levels of claims from natural disasters. In 2023, there were more billion-dollar weather and climate disasters in the U.S. than any other year on record, he added. “Florida is
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SPGI
Earnings
- 7/30/24 - Beat
SPGI
Sec Filings
- 8/9/24 - Form 4
- 8/9/24 - Form 4
- 8/7/24 - Form 144
- SPGI's page on the SEC website