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DeSantis' Reforms Fail to Stabilize Florida's Insurance Market

11/19/2025

Summary

Story summary

Governor Ron DeSantis of Florida has enacted hurricane reforms, but the property insurance market remains unstable.
The Insurance Fairness Project says reforms increased premiums and caused homeowners to lose coverage, about 355,000 from Citizens.
New insurers, some with troubled pasts, have taken over policies, raising questions about their financial stability.
Analysts urge consolidating regulatory efforts to improve accountability and protect consumers amid a tense relationship with insurers.

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Story summary

Governor Ron DeSantis of Florida has enacted hurricane reforms, but the property insurance market remains unstable.
The Insurance Fairness Project says reforms increased premiums and caused homeowners to lose coverage, about 355,000 from Citizens.
New insurers, some with troubled pasts, have taken over policies, raising questions about their financial stability.
Analysts urge consolidating regulatory efforts to improve accountability and protect consumers amid a tense relationship with insurers.