Florida Gov. Ron DeSantis calls for special session to address property insurance crisis
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.
State Shuts Down Insurance Company
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.