CITIZENS INSURANCE

Barry Gilway, president and CEO of Citizens Property Insurance Corp., said Wednesday the state-backed insurer has been a “roller coaster ride” for the past two decades.

Gov. Ron DeSantis has called a second special legislative session, this time with the goal to address Florida's property insurance crisis which has seen many homeowners lose their insurance or see their premiums skyrocket.

Lawmakers claim new legislation that just passed will offer homeowners relief, but some consumers like Susie Blanchard say the law is lip service at best.

With hurricane season weeks away, three property insurance companies are dropping more than 50,000 policy's in Florida and some of the policy holders have not been notified yet.

Sharon Landry says she “freaked out” when she opened her statement and saw the premium for her homeowner’s insurance policy surge.

State regulators recently shut down an insurance company that wrote tens of thousands of policies across the state. Florida Specialty Insurance Co. offered property insurance for homeowners and renters as well as for mobile homes, but state regulators say the companys financial records violated state law. She says her mortgage company recently paid FSIC the annual premium of $1,800. "My mortgage company could foreclose, since I'm $1,800 in arrears," she said. The state of Florida has notified all FSIC policyholders that if they cannot find insurance, Citizens Insurance is available.