Homeowners’ Insurance Affordability By County
During the 2018 Insurance Summit, the Florida Chamber of Commerce announced the release of new data on TheFloridaScorecard.org that ranks each county in Florida on the affordability of homeowners’ insurance in their county.
The Homeowners’ Insurance Affordability Index is a joint project of the Florida Chamber Foundation, Milliman Pixel®, and Rating Dynamics and will be updated quarterly with new insurance premium information and as new household income measures are released for Florida Counties.
The Homeowners’ Insurance Affordability Index ranks homeowners’ insurance affordability for each county by comparing insurance premiums to the level of income for the county’s households. The county with the most affordable homeowners’ insurance is ranked #1 and the least affordable county’s ranking is #67.
Find Out Where Your County Ranks
- Visit TheFloridaScorecard.org
- Select the Business Climate & Competitiveness icon from the top bar on the screen
- Choose your county from the View County Data drop down menu.
- Select the Statewide Heat Map button to view rankings for all Florida counties.
$80 Billion Reasons To Start Dialing Tomorrow
Why do New York Congressman Peter King and so many others fear a “mass exodus” from New York to Florida? To date, Florida is the number one destination for wealth leaving New York. And, with a U.S. Senate vote looming, it appears Congress may agree on a tax package afterall. And Florida’s economy may be the nation’s big winner.
Even before the tax package, the Florida Chamber Foundation’s TheFloridaScorecard.org – Florida’s leading online data site tracking hundreds of metrics important to Florida’s economy – has tracked wealth migration and shows more than $80 billion worth of wealth has already moved to Florida from New York, New Jersey, Illinois, Pennsylvania, Michigan, Missouri and Ohio alone.
Source: Income Migration, HowMoneyWalks.com
Here’s How You Can Help Leverage the Tax Package to Help Secure Florida’s Future
As the tax package nears passage, the Florida Chamber encourages you to consider calling companies looking to expand and grow that are located in New York, New Jersey, Illinois, Pennsylvania, Michigan, Missouri, Ohio or any of the states Florida is welcoming wealth from. When you call them, please invite them to look at the additional advantages Florida will have after the tax package passes.
Consider that Florida has no personal income tax, is ranked one of the top 10 best states for business, is the number one state for growth prospects and is one of the top 5 best tax climates in the nation, and is continuously working on making its business climate even more competitive.
Interested in Where Your County Gets its Wealth From?
The Florida Chamber Foundation will soon release a new report that outlines which counties nationwide are bringing wealth into your county. To learn more or to request more data, click here.
Future Workforce Needs To Remain a Florida Focus
Earlier this week, I spoke to the Florida State Board of Education Workforce Workshop on Florida’s workforce trends, and current and future job demand. Joined by representatives from Florida’s Department of Economic Opportunity as well as CareerSource Florida, I used TheFloridaScorecard.org to show what metrics Florida’s business leaders are tracking at the state and county levels.
By 2030, Florida will need two million net new jobs. Will our state be ready to fill those jobs? According to data shown on TheFloridaScorecard.org, high school graduation rates, college affordability and educational attainment are improving, but are they improving fast enough to meet the growing needs of Florida businesses?
For a county-by-county view of how your community is performing, check out TheFloridaScorecard.org and let us know what you think and share your ideas on how we can improve Florida’s talent pipeline.
Watch our recently released Florida Wins education video that shows how we can help turn today’s learners, into tomorrow’s earners.