Hurricane Ian Deals Blow To Florida's Teetering Insurance Sector

The video discusses the challenges facing Florida's home insurance market, particularly in light of Hurricane Ian, which could cause up to $47 billion in damage, making it the costliest hurricane since 1992. The market is already struggling due to previous hurricanes and fraud, leading to business closures and increased prices. The average home insurance policy in Florida costs $4200, three times the national average, and prices are expected to rise further.

Which hurricane is mentioned as the costliest to hit Florida before Ian?

What can people expect regarding home insurance prices after Hurricane Ian?