Its an industry nationwide problem
https://www.businessinsurance.com/a...perty-insurance-rates-to-keep-surging-in-2023
Property insurance rates to keep surging in 2023
Property catastrophe reinsurance rates for loss-hit U.S. accounts jumped between 45% and 100% at Jan. 1 renewals, according to a Gallagher Re report issued last week.
A difficult Jan. 1 reinsurance renewal season, in which property insurers faced capacity limitations and significant rate hikes, has added uncertainty in a market already hit by Hurricane Ian and other catastrophe losses and inflation, market experts say.
Another week, another insurer sunk in Florida. Fine job governing there, Ron DeSantis. In the meantime, Florida home owners continue to get screwed.
Another Insolvent Insurer Heads to Receivership
United Property & Casualty Ins. Co. is insolvent, and the company cites higher-than-expected losses from Hurricane Ian. Fla. is taking steps to place it in receivership.
https://www.floridarealtors.org/new.../another-insolvent-insurer-heads-receivership