Gov. Ron DeSantis on Monday expressed confidence that a special legislative session will help stabilize Florida’s property-insurance system, but the troubled market is taking another blow as a group of companies is poised to cancel more than 68,000 policies.

JACKSONVILLE, Fla. – Sticker shock is a mild description of what Florida homeowners may be experiencing after learning they may be required to pay to keep their homeowners insurance active next year. The Office of Insurance Regulation reports it has approved insurance rate increases as high as 33%, and insurance experts say the industry as a whole is nearing a crisis. Let’s say your homeowners insurance is $4,400 dollars a year. According to Personal Insurance Federation of Florida CEO Michael Carlson, there are some major problems in the insurance industry right now that appear to be worsening. His nonprofit agency represents national property insurance companies, many of which are struggling to keep up with rising expenses of their own.

TALLAHASSEE, Fla. - State regulators will hold a hearing next week on a proposal that could lead to reduced workers' compensation insurance rates for businesses. The state Office of Insurance Regulation has scheduled a hearing Oct. 4 in the Capitol on a filing by the National Council on Compensation Insurance that would lead to an average 5.4 percent rate decrease for employers, effective Jan. 1, according to a notice posted Tuesday in the Florida Administrative Register. The National Council on Compensation Insurance, commonly known as NCCI, files rate proposals each year for the workers' compensation insurance industry. It filed the proposed reduction last month, with regulators required to review and sign off on any rate changes. News Service of Florida