Hurricane Ian is Ripping Apart Florida's Property Insurance Industry
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Now that Hurricane Ian has passed, millions of Floridians will be navigating a public-private insurance nightmare nearly as frightening as the storm that ravaged their state.
Over 2.5 million Floridians were without power as of Thursday morning, and NextEra Energy-owned Florida Power & Light is warning entire portions of its infrastructure are beyond repair. The storm could spur anywhere between $20 and $40 billion worth of property insurance claims, according to risk-modeling from RBC Capital Markets analysts. Worse, many Floridians aren't even insured at all.
Source Fool.com
