PROPERTY INSURANCE CRISIS

State regulators moved forward Thursday with placing United Property & Casualty Insurance Co. into receivership after higher-than-expected losses from Hurricane Ian helped push the insurer into insolvency.

A state program created after a special legislative session on property insurance is supposed to pass on savings to consumers.

It's been just over two weeks since the Governor signed an insurance bill into law, but consumers tell News 6 that not every insurance agent is up to speed on what the law contains.

Florida Gov. Ron DeSantis signed a property insurance reform bill into law one week ago, and so far, consumers are still dealing with rising rates.

But with hurricane season starting next week, Florida House members overwhelmingly gave final approval Wednesday to a measure that seeks to stem property-insurance problems that have led to policyholders across the state losing coverage and seeing soaring premiums.

This week, for the first time in a long time, independent insurance agent Derrick Vance is hopeful.

Next week Florida's legislature will have a special session to deal with the state's ongoing property insurance crisis.