Florida homeowners are opening their mail to a nightmare: canceled policies, premiums that suddenly doubled or tripled, and insurance companies quietly walking away. In this report, we break down why the market is collapsing, what triggered the mass exits, and why even long-time homeowners with clean records are being pushed out.
Behind the press conferences and talking points, there’s a deeper story unfolding — one that ties together lawsuits, reinsurance, political decisions, and a system that was never built to handle this level of stress. As insurers retreat, families are left scrambling, real estate deals are falling apart, and entire neighborhoods are becoming uninsurable.
This isn’t about one storm. It’s about how a fragile system finally cracked. If you own property in Florida, or plan to, you need to understand what’s really happening before your renewal notice arrives.
Watch to see how this crisis started, who’s being hit the hardest, and what could happen next if nothing changes.
📌 Sources — Florida Insurance Crisis
• Florida accounts for a disproportionate share of insurance lawsuits, contributing to market stress and insurer exits.
🔗 https://www.nascus.org/2023/09/21/can...
• Insurers are facing underwriting losses and litigation costs in Florida, leading to cancelled policies and companies leaving the state.
🔗 https://www.nascus.org/2023/09/21/can...
• Florida’s homeowners insurance market has high litigation costs and legal challenges, contributing to the crisis.
🔗 https://floir.gov/docs-sf/property-ca...
• Litigation and fraud have been major structural problems in Florida’s insurance market, not just natural disaster losses.
🔗 https://www.newsweek.com/florida-cali...
• Reinsurance prices and litigation trends influence insurer behavior, affecting rates and company willingness to write policies in Florida.
🔗 https://www.insurancebusinessmag.com/...
• Citizens Property Insurance Corporation is Florida’s insurer of last resort and plays a central role in the market dynamics.
🔗 https://en.wikipedia.org/wiki/Citizen...
• Smaller insurers have exited the Florida market or become insolvent as insurers pull back due to risk and costs.
🔗 https://en.wikipedia.org/wiki/UPC_Ins...
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⚠️ Disclaimer
This video is provided for educational and informational purposes only. All material is based on investigative reporting, publicly accessible sources, industry coverage, and economic analysis. Nothing in this content should be interpreted as legal, financial, or professional advice.
Opinions shared reflect the presenter’s perspective and do not represent the positions of any company, employer, or affiliated organization. Any personal accounts mentioned are illustrative examples meant to highlight broader patterns, not definitive conclusions.
Viewers are encouraged to verify information independently, consult original sources, and explore diverse viewpoints before forming their own opinions on public policy or related topics.
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