From Florida Politics :
How much will it cost Floridians?
Based on a recent estimate by the R Street Institute , Florida insurance rates are expected to grow by $864 million to $1.62 billion. As these tax increases are passed through to consumers, they will effectively tax everyone who buys insurance, regardless of income.
- “Florida Politics”: https://floridapolitics.com/archives/460021-dominic-calabro-hurricane-tax-wrong-idea-at-the-wrong-time-for-floridians/
- “recent estimate by the R Street Institute”: https://www.rstreet.org/2021/09/08/estimating-potential-effects-of-the-global-minimum-tax-on-catastrophe-insurance-markets/