Florida Home Insurance Rates to Remain High Despite Reforms

Florida homeowners insurance premiums unlikely to decrease soon despite reforms
Insurers and analysts say high costs from claims, litigation, and climate change impacts will persist
Reforms aimed more at market stabilization than lowering rates; effects could take years
Costs keep rising for repairs, reinsurance, and replacement from hurricane damage
State-run Citizens Insurance rates likely to increase substantially in coming years
Insurers say eliminating Citizens' rate caps needed to improve market competition