“The report also showed between 2017 and 2019, the insurers in the study showed a net loss of $432 million and their affiliate companies showed a net income of $1.8 billion.”
Florida insurers reported losses while their affiliates made billions. State rules cap insurer profits but not affiliates, so the money moved next door. The regulator’s own study sat unpublished for two years. Homeowners paid the premiums.