Homeowners is a disaster (no pun intended) in Florida. Combination of catastrophe losses, bad underwriting, and bad insurance laws that were intended to help consumers but backfired. The root cause was bad underwriting. The 2004 hurricanes are what exposed the bad underwriting.

The auto market in FL is huge. Homeowners is a loss leader, designed to get customers to buy other products like auto, life, etc. from the same carrier as their homeowners. Insurers were greedy for a long time by undercharging for homeowners in the hopes of more than making it up on other products. It finally bit them in the a$$, and now many of them actively want out of FL. FL law prevents them from doing so unless they give up all of their business in FL, not just home. Carriers are responding with rates that are beyond sky high because they are trying to cover/recoup their losses on home, and at least some of them are throwing in the towel and hoping their rates are high enough that people will cancel and give the carrier a path to exit FL.