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The article looks at homeowners insurance in Florida, reporting that premiums are rising sharply and analyzing the factors that account for the change, which include changes in the reinsurance industry and the end of an unusual decade from 2006 to 2015 when no major hurricanes struck the state. Topics include changes in the level of investment in insurance-related securities such as catastrophe bonds and the withdrawal of most major national insurance companies from writing homeowners policies in Florida.

The report analyzed $10 million-plus sales and signed contracts in Palm Beach, Miami, New York and the Hamptons. (Bloomberg) -- In the last half of 2022 the market for homes priced at $10 million and more fell precipitously in New York and South Florida, according to a new report from the brokerage Serhant. [Extracted from the article]

Von Hanau, whose company recently completed the island's luxury condominium projects Palazzo Del Sol and Palazzo Della Luna, counters that the houses are filling unsatisfied demand. (Bloomberg) -- Fisher Island, a wealthy enclave just south of Miami Beach, is accessible only by ferry or helicopter. [Extracted from the article]

(Bloomberg) -- Fisher Island, a wealthy enclave just south of Miami Beach, is accessible only by ferry or helicopter. Von Hanau, whose company recently completed the island's luxury condominium projects Palazzo Del Sol and Palazzo Della Luna, counters that the houses are filling unsatisfied demand. [Extracted from the article]