Since the beginning of the year, three Florida property insurers have been declared insolvent and gone into receivership. Another four property insurers expect to raise rates by more than 20%. And FedNat will cancel 56,500 policies and move another 83,000 policies to Monarch National Insurance. Gov. Ron DeSantis called a special legislative session with hopes of significant reforms to stabilize the state’s insurance system. Read more about the Florida home insurance crisis and possible reforms here.