Florida homeowners forced into new insurance company, CBS News investigation finds
Quick Insights
The Bottom Line
Florida homeowners are being transferred to small, private insurance companies without consent, risking coverage gaps during hurricanes.
How This Affects You
If you own a home in Florida, your insurance policy may be moved to a smaller, less stable carrier without your knowledge or approval, leaving you exposed to claims denials or insolvency during major hurricanes.
AI Summary
A CBS News investigation found that Florida homeowners are being transferred out of the state-run insurance program into dozens of small, private insurance companies without their knowledge or consent. The transfers shift policyholders from Florida's insurer of last resort, typically used when homeowners cannot obtain coverage in the private market, to smaller carriers that may lack the financial stability or claims-paying history of larger insurers. This practice leaves homeowners potentially exposed to coverage gaps or carrier insolvency during major hurricanes or disasters when claims spike. The investigation, reported by CBS News national correspondent Ash-har Quraishi, highlights how the state's insurance market has become increasingly fragmented as major national carriers have exited Florida due to mounting losses from hurricane claims.
What's Being Done
CBS News investigation documented the practice; state regulation of this transfer mechanism is not explicitly mentioned.
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
CorporateFlorida homeowners insurance company accused of siphoning profits
As Florida moves homeowners' policies out of its state-run insurer of last resort, insiders question one new company's finances.
PoliticsTrump housing chief requests new criminal investigation into Letitia James
<p>Bill Pulte reportedly urges examination of alleged fraud as New York attorney general’s lawyer attacks ‘vendetta’ </p><p>The Trump administration’s federal housing director Bill Pulte is asking prosecutors to investigate New York attorney general Letitia James for insurance fraud, according to <a href="https://www.ms.now/news/trump-housing-chief-doj-new-york-letitia-james-pulte">criminal referrals reported by MS Now</a> and <a href="https://www.cbsnews.com/news/letitia-james-referred-prosecution-ny-florida-illinois/?ftag=CNM-00-10aab7e&linkId=923239332">CBS News</a>.</p><p>The referrals to prosecutors in Florida and Illinois allege that James may have committed mortgage insurance fraud. The allegations center on applications made to Universal Property Insurance company, which is based in Florida, and Allstate in Illinois.</p> <a href="https://www.theguardian.com/us-news/2026/mar/25/trump-letitia-james-mortgage-fraud-investigation-referral">Continue reading...</a>
PoliticsTrump administration launches investigation of states that mandate health insurance covers abortion - AP News
<a href="https://news.google.com/rss/articles/CBMirgFBVV95cUxQc29YcjdjcUlmelBmS0VhSFdPaWdZR0tUYlA3WDRqNzM1d1hFU2hZMGFIajlCSVVaRlZqcV9Xei1mVGp2d2l6WnZuQzRYTjdvWHVSTWhlZGJPSF9LTkNVaFdHOE1EQjlPSEtQTktYRzdGVG5HSUJRSkVhbFRIbzZQaTNkemZuWHgwOVB5MWR4aXBnOGNNcW1XQlNGWVFyMEQzTHpnM2JtUFFFQklma2c?oc=5" target="_blank">Trump administration launches investigation of states that mandate health insurance covers abortion</a> <font color="#6f6f6f">AP News</font>
HealthTrump administration probes states that mandate health insurance coverage for abortion
The Trump administration said Thursday that it has launched investigations into 13 states that require state-regulated health insurance plans to cover abortion.
Government TransparencyComey subpoenaed in 2016 election probe in Florida
Federal prosecutors in Florida have subpoenaed former FBI Director James Comey as part of a wide-ranging probe into a prior investigation into Russian interference in the 2016 election. NewsNation, The Hill’s sister network, confirmed Comey was subpoenaed in the probe, which is also reviewing the previous investigations into President Trump, including the work of Obama-era intelligence…
PoliticsIn voting process, photo ID gets wide support, Republicans more likely to believe there's fraud, CBS News poll finds - CBS News
Jury orders Meta and Google to pay woman $6 million in social media addiction trial
The verdict marks the end of<strong> </strong>the first-ever jury trial<strong> </strong>over whether tech giants should be held accountable for social media addiction. It may influence the outcome of 2,000 other pending lawsuits.
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Fentanyl found inside Barbies sold at Missouri discount store, police say
US moves to soften capital rules: ‘Big banks can declare mission accomplished’
Senate deal reached to cap insulin costs
The West's historic snow drought could bring water shortages, wildfires
Pentagon's limits on press access unconstitutional, US judge rules - Reuters
