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Canadian retirees often look to spend their golden years south of the border. Among the benefits are lower taxes, more reasonable costs of living and, of course, better weather the farther you go.

The Sunshine State has the highest share of residents age 65 and older in the country, and it includes a large contingent of like-minded Canadians, Mr. Ritchie says. The biggest attraction for retirees is its tax regime. Florida has no state income tax, estate tax or inheritance tax, and it doesn’t tax seniors’ benefits.

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Some 866,000 Hurricane Irma Insurance Claims Filed in Florida for a Whopping $6.55 Billion

Estimated insured losses from Hurricane Irma have topped $6.55 billion, with the number of claims approaching 866,000, according to information released Monday by the state Office of Insurance Regulation. The latest report showed that 865,974 claims from the September storm had been filed with insurance companies as of Friday, with 719,512 involving residential properties.

 

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Whose Disaster Is It
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Nearly 6.9 Million US Homes at Risk of Hurricane Storm Surge Damage
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As Florida’s population increases, new residents mean more jobs will be needed, more homes purchased and more drivers on our roads. In addition to the changes expected from an increased population, Florida’s economy will continue to be sustained in part by a strong real estate industry. As we look to 2030 and anticipate the needs of these residents, it is crucial that Florida develop and maintain a stable and competitive insurance market to help protect these Floridians.

We must build on Florida’s successes by tackling today’s insurance-related challenges to ensure a competitive and stable insurance market that will help reduce taxpayer risk in the event of a catastrophic storm and further improve Florida’s business climate.  In addition, a competitive business climate will require a stable workers’ comp system that also protects injured workers, and competitive unemployment compensation taxes.

Resources

Citizens Property Insurance Corporation

Florida Department of Insurance Regulation