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Florida Insurance Rate Hike

There is bad news for some Florida homeowners: insurance rates are expected to go up even more than they already have.

The blame is placed on Katrina and several other hurricanes that struck Florida in less than two-years.

Representative Don Brown of DeFuniak Springs has been one of the key lawmakers in Tallahassee trying to iron out a compromise between the state and the insurance industry.

He says there are no easy answers and people will wind-up having to pay more. Homeowners insurance in Mississippi and Louisiana has also doubled and even tripled.

In some cases, companies have even cancelled policies.


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