Florida Faces Exodus as Insurance Costs Cause Residents to Leave State

The rising cost of home insurance in Florida is pushing many residents to give up on coverage partially or altogether, selling their homes and even considering moving out of the state, readers told Newsweek. Some have already taken the plunge and left the state that they once considered heaven on Earth.

Florida's insurance premiums are the highest in the country, according to a recent study by the Insurance Information Institute (Triple I), and have tripled in the past five years. Residents are currently paying on average more than $4,200 per year,...