How could this be? Well it is easy when you realize that this is a global world and Insurance companies all purchase re-insurance to protect themselves from disater’s like this one. No differant than a Sunami in Japan, when the reinsurer’s like Warren Buffet’s company get hit hard, they spread the risk and charge everyone else more to cover their losses which will definitely affect Florida Home Insurance rates in 2013. The increase could be as much as a 10% state wide average  on top of other rate hikes still to come next year so be Prepared for higher priices still next year. Please read the full article in the Fort Lauderdale Sun Sentinal below and sent to us by our friends at First State Insurance. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.,0,2865075.story