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If you live in Florida, you've undoubtedly seen your home insurance rates spike over the last three years as the state suffers through an unprecedented insurance crisis.

If you live in Florida, you've undoubtedly seen your home insurance rates spike over the last three years as the state suffers through an unprecedented insurance crisis.

As Citizens Insurance tries to shed 100,000 policies, a local resident says he received a quote for a 430 percent rate increase, which would have gone into effect if he failed to opt out.

FL Property Insurance Loopholes A Roadmap To Fraud, Says U.S Expert - Tampa, FL - A spokesman for the national Insurance Information Institute blames roof contractors and unscrupulous attorneys for FL insurance crisis.

Despite years of complaints from Florida property insurers and some lawmakers that out-of-control claims litigation was destroying the industry, recent

State faces "a very rough situation"

United Property and Casualty Insurance Co. reported nearly $170M in losses last quarter.

A Leon County circuit judge Tuesday approved a request to appoint the Florida Department of Financial Services as a receiver for the insolvent FedNat Insurance Co.

State regulators Friday asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.

As Hurricane Ian approaches Florida, state regulators asked a judge to place FedNat Insurance Co. in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.