Florida Didn’t Fix Its Insurance Crisis. It Just Transferred the Risk to You.
Florida lawmakers boast about fixing the broken property insurance market, but the ‘fix’ just shifts catastrophic risk from failing insurers to everyday homeowners. By hiking deductibles and limiting payouts, the state privatizes profit and socializes climate vulnerability, turning residents into the de facto backstop. If you think this is just a Florida problem, think again—this is the blueprint for insurance failure everywhere.