Name: Florida homeowners forced into new insurance company
Uploaded: 2026-03-25T00:02:14.559Z
Duration: 3 min 20 s
Description: A new CBS News investigation revealed that many Florida homeowners have had their home insurance policies transferred out of the state-run insurance program, into dozens of small, private companies, without their consent or input.

A new CBS News investigation revealed that many Florida homeowners have had their home insurance policies transferred out of the state-run insurance program, into dozens of small, private companies, without their consent or input.

Tallahassee

A CBS News investigation has revealed that more than a million Florida homeowners have had their state-run home insurance policies transferred to smaller private companies over the past two years, often without their consent. This process, known as 'depopulation,' aims to reduce taxpayer liability in the event of major disasters but has left many consumers frustrated by higher costs and limited options.

The investigation also uncovered allegations that one private insurer diverted millions of dollars in consumer payments to a related company, potentially undermining its ability to pay claims after severe weather events. Policyholders are advised to document their property, keep thorough records, and consider legal assistance if they encounter issues with claims.

Florida homeowners forced into new insurance company

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Breakdown