From Newsweek: Florida’s Insurance Crisis Just Got Worse
Florida’s insurance saga is deepening as more than 115,000 homeowners in the southwest portion of the state, still reeling from the destruction wrought by Hurricane Ian in 2022, are facing new challenges with a 25 percent increase in flood insurance rates.

The rate hike, according to the Federal Emergency Management Agency (FEMA), is attributed to local officials reportedly allowing substandard rebuilding efforts, failing to meet the stringent federal standards required for flood-damaged homes.

The latest development is part of a broader, intensifying crisis within the state’s insurance sector, highlighted by escalating premiums, an exodus of insurers, and widespread dissatisfaction among policyholders over claim settlements. With FEMA penalizing Lee County for its laxity in enforcing rebuilding codes, residents are caught in a tug-of-war between striving for recovery and navigating the “punitive” measures of federal oversight.