Posted on 05/20/2024 8:31:29 AM PDT by ChicagoConservative27
Hundreds of nursing homes in Florida have been forced to shut their doors over the past five years because of the soaring cost of commercial property insurance in the state.
In the five-year period ending in 2023, an average of 146 nursing homes or assisted-living facilities in Florida have closed each year, according to the state’s Agency for Health Care Administration.
During that same five-year period, commercial property insurance premiums rose 125% in Florida.
Last year alone, annual premiums rose by around 27% in the state, according to Bloomberg News.
(Excerpt) Read more at nypost.com ...
Something like 8% of premiums are used to pay legitimate claims.
We have lots of crooks in Florida.
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