Rising insurance rates are threatening the Florida real estate market and overall economy and is the top concern of real estate professionals, according to a study from the University of Florida.UF’s Center for Real Estate Studies surveyed Florida real estate lawyers, market analysts, title insurers and financial advisers in July.

The active hurricane seasons in 2004 and 2005 have driven up insurance costs. Some of the effects will be felt gradually because businesses, which typically have leases of at least five years, may not be paying higher premiums yet. But when they do, the costs will be felt down the line.

“The entire economy will have to adjust to these higher insurance costs,” said Wayne Archer, director of the center. “It’s a big enough hit, just like gas prices, that it will ultimately affect every business and every price that is property intensive.”

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