If insurers are permitted to hack some discounts, their policyholders will have to pay around 45% more for their homeowners or condo insurance.

Actually, many homeowners have installed storm shutters and cut their policy bills.

Under the "wind mitigation" scheme, people receive discounts on installing storm shutters to defend their homes against violent weather.

State Farm offers credit for install storm shutters to defend home from aggressive storms.

Discounts given by the companies have helped homeowners in trimming down their insurance premiums.

Now state regulators are allowing State Farm Florida Insurance to hack these discounts, signifying heavy premiums for homeowners.

Under the "wind mitigation" scheme, people receive discounts on installing storm shutters to defend their homes against violent weather.

On the other hand, three Florida universities are researching hurricanes in their labs.

Florida State University has plans to make accurate predictions about hurricanes via a computer developed by it. University of Miami has been working on a research complex to study hurricanes.

Florida International University has been working on a machine, which will produce winds with a speed of 130 mph, to study hurricanes.