It is inevitable. As a Floridian our insurance industry is on pace to crash head on into a wall and nobody can stop it. We COULD MAYBE expand Citizen's, which is a government run/backed insurance that is currently only used for those who otherwise cannot get insurance anywhere else, but nope. Our Republican leadership absolutely don't want that. Instead they deliberately make sure Citizens is just this side of too expensive as not to "compete" with the market and if you qualify for any other insurance they must kick you off of it.

The failure of insurance in Florida is such a huge strike against capitalism and they know that and will do anything to make sure it doesn't happen. In fact, recently they relaxed regulations for small shop insurers here. What that means is we will have more startup insurance companies insure people for cheap, get more claims against them on a big hurricane than they have capital, pay out what they can and leave everyone else in the weeds. Total loss. It's fucked.

And they won't even be the first. We have an official graveyard dedicated to all the insurers killed this way. Another for the pile.

https://figafacts.com/category/insolvency/

https://www.myfloridacfo.com/division/receiver/companies

https://www.myfloridacfo.com/division/receiver/companies/closed