News & Updates


As property insurance rates skyrocket, Florida ‘insurer of last resort’ seeks to become less attractive

With hurricanes, rising sea levels and litigation driving Florida property insurance rates sky high, state taxpayers are increasingly at risk as more landowners sign onto the state’s subsidized “insurer of last resort.”

When the Legislature convenes its 60-day 2022 session on Jan. 11, state officials say among priorities – in addition to addressing Florida’s distressed property insurance market – will be making Citizens Property Insurance Corp. less attractive while keeping it strong enough to support those who can’t find property insurance.