"For different reasons" is doing a lot of heavy lifting here; Florida's and California's situations are completely different. Significant fractions of Florida d

"For different reasons" is doing a lot of heavy lifting here; Florida's and California's situations are completely different. Significant fractions of Florida depend on the National Flood Insurance Program which has been bailed out by the Federal government to the tune of tens of billions of dollars since Katrina and will only get worse. The California FAIR plan on the other hand is completely funded from premiums and has recently survived several years of catastrophic fires without needing a single penny of state support. The power distribution companies have also completely overhauled the infrastructure state wide, reducing the probability of uncontrolled fires near populated areas. The politics behind California's insurance regulator are a bit of a shitshow at the moment, but the insurers are leaving because of artificial price controls. In Florida, they left long ago because much of the state is fundamentally uninsurable.