The Sarasota HeraldTribune, as part of its series on the property insurance market in Florida, has reported that half of the state’s insurers are making money not from insuring homes but by diverting premiums into side ventures.
The copyrighted report – — also says that insurance company overhead costs are 50 percent higher in Florida than the national average.
The Herald-Tribune said it spent more than a year reviewing the financial filings of more than 70 Florida-only companies.
The report can be read .
Was this article valuable?
Here are more articles you may enjoy.
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force 
Secret Codes and Yuan Fees Get Ships Through Iran’s Hormuz Tollbooth 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
Viewpoint: How Will the Middle East War Affect the Insurance Sector? 
