Struggling homeowners insurance market becoming major concern for Florida legislators

LEE COUNTY, Fla. – Florida’s home insurance crisis is expected to worsen in the coming months as lawsuits against insurance companies could reach $20-billion dollars. The Insurance Information Institute predicts that could further strain small regional insurers leaving them to go out of business and homeowners to find a company to pick them up. It’s a matter Florida lawmakers must tackle in the days ahead as they head back to Tallahassee next month to address the crisis. Paula Colose and her sister Roseann Cutler have been without electricity for seven weeks in their North Fort Myers home after Hurricane Ian

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