Orlando Sentinel: Florida’s Insurance Market is Recovering. A State Takeover Could Undo It.

James Madison Institute · Oct 16, 2026

For nearly 20 years, Florida tried to legislate its way out of a property insurance crisis. Unfortunately, for a long stretch, the fixes only made things worse. Citizens Property Insurance Corporation (Citizens), created in 2002 as a backstop for homeowners who couldn’t find coverage elsewhere, kept absorbing more of the market, often competing with the private market. By September 2023, it had over 1.4 million policies, more than any private insurer in the state.

That trend has since reversed, as a result of significant reforms, and the results are tangible. Citizens’ policy count has fallen…