Florida has one of the least effective P&C insurance systems in the country. A recent study gave Florida as well as 4 other states an 'F' Rating
The study was based on a set of nine criteria, including how prominent the states' roles are in the home and auto insurance markets and the concentration of insurance companies writing policies in a particular state.
California, Massachusetts, North Carolina and Texas joined Florida in getting an F. Connecticut, Idaho, Illinois, Utah and Vermont got A grades.
Florida had the worst rating in the residual homeowners category, and also scored poorly in the regulatory environment category for having an outsized influence in the setting of rates.
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