Florida’s Top 10 Sinkhole-Prone Counties
It’s no secret that property/casualty insurers have been fielding more and more sinkhole claims in Florida and now online hazard mapping firm CDS Business Mapping and its RiskMeter Online service have come up with a list of the top 10 sinkhole prone counties in Florida. The list is based on information from the company’s RiskMeter’s sinkhole database and its sinkhole clearinghouse, which the company says contains more than 12,000 sinkholes not available from public sources.
Sinkhole losses have been on the rise the last few years in Florida. According to a report by the state, 211 property insurers responded that claims increased from 2,360 in 2006 to 6,694 in 2010, totaling 24,671 claims. The total dollar amount of those claims was approximately $1.4 billion.
RiskMeter’s Top 10 Sinkhole-Prone Counties in Florida are:
Daniel Munson, founder, RiskMeter.com, said many insurers are under the impression there are just a few counties affected by sinkholes, but in reality there are at least 10. To read more, click InsuranceJournal