Hurricane Milton likely to be a first test of insurance reforms and spawn a recurring argument (FL)

/ Owner - October 21, 2024

With Hurricane Milton’s passage, storm assessments are well underway across Florida. But one likely outcome, insurance industry watchers fear, is that owners of shredded and torn properties are in for a financial soaking.  A vulnerability in Florida’s property insurance market — finger-pointing over whether water damage was caused by flood inundation or breaches in the structure that let rain through — is likely being exposed again by Milton’s sea surge, devastating winds and torrential downpours along a vast swath of the state, from Siesta Key on the west to Daytona Beach on the east.   Read the article…………………………….

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