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Florida Developers Are Holding Off on Big Projects as Insurance Costs Surge

David Lynd, a San Antonio-based developer of large-scale house buildings, had been increasing his enterprise in South Florida. But not too long ago, he determined to place considered one of his new initiatives on maintain.

There’s no drawback with demand. People in tech, finance and different companies are pouring into the realm, searching for a house to hire. It is the price of insurance coverage for industrial property within the state, which total has doubled previously yr, that’s inflicting him to tug again. 

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