Florida and California dominate growth rankings
Florida leads all states by a sizable margin. The state’s homeowner multi-risk profits increased by $5.2 billion, more than double the next-highest state. California follows with $2.1 billion in homeowner multiple growth, followed by Minnesota ($2 billion), Louisiana ($1.9 billion) and New York ($1 billion). In Florida, the value of homeowners multi-risk insurance will increase from $3.2 billion in 2022 to $8.4 billion in 2024, a 2.6-fold increase in two years.
