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Fishkind Conversations: FL property insurance soars, hitting homeowners in the wallet

Hank Fishkind. Photo: Matthew Peddie, WMFE
Hank Fishkind. Photo: Matthew Peddie, WMFE

Property insurance rates have been skyrocketing in Florida for the last five years, with many companies canceling people’s policies, leaving the state, or going out of business.

Not only are Florida home and business owners feeling the pain of rising rates, but economic analyst Hank Fishkind says the insurance issues are throwing off Florida’s property market, since insurance is necessary to get a mortgage.

Fishkind talks to WMFE’s Nicole Darden Creston about why property insurance rates are climbing while availability is shrinking, and what can be done.

Click the Play Audio button to hear their conversation.

Nicole came to Central Florida to attend Rollins College and started working for Orlando’s ABC News Radio affiliate shortly after graduation. She joined WMFE in 2010. As a field reporter, news anchor and radio show host in the City Beautiful, she has covered everything from local arts to national elections, from extraordinary hurricanes to historic space flights, from the people and procedures of Florida’s justice system to the changing face of the state’s economy.
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