The chief economist for the Insurance Information Institute, said Florida remains the most catastrophe-prone state because of its exposure to hurricanes.

Well you know what that means for homeowners. With current insurance rates in Florida well above the national average, that's not all the bad news, they're likely to go higher.

Supposedly the State run insurance company needs to replenish their coffers after after experiencing a rate freeze.

Oh well no matter what we know who'll end up paying through the nose!