Florida has been here already when insurance companies stopped providing policies given the threat of hurricanes. It forced the state to create its own company,

Florida has been here already when insurance companies stopped providing policies given the threat of hurricanes. It forced the state to create its own company, Citizens [1], an insurer of last resort. With private insurers, all it takes is one small claim to cancel a policy. Many property owners have no choice but sign up with Citizens when private entities refuse to issue a contract or set the price so high it is simply unaffordable. But Citizens will also try to offload contracts to small private insurers (that most have never heard of). Then the concern becomes, “will my insurer survive the financial onslaught of claims or go bankrupt before I get my check?” [1] https://www.citizensfla.com/who-we-are https://www.citizensfla.com/who-we-are