From CFT Law:

Florida is home to the largest residual homeowners insurer in the country, Citizens Property Insurance Corp., as well as a state-run reinsurer, the Florida Hurricane Catastrophe Fund. Because Citizens’ rates effectively act as a cap on what private insurers can charge, it has the most restrictive rate-making environment in the country. It also has a highly politicized insurance environment, an elected chief financial officer and restrictions on the use of territory in underwriting.

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