Hurricane Ian Deals Blow To Florida's Teetering Insurance Sector

Before Ian, Florida's home insurance market was dealing with billions of dollars in losses from a string of natural disasters, litigation and fraud.

Daniel Kelly and his wife bought a 1977 doublewide mobile home in May for about $83,000 at Tropicana Sands, a community for people 55 and older in Fort Myers, Florida. But he ran into roadblocks when he tried to insure it.

Managers at Tropicana Sands told him he likely wouldn't be able to find a carrier who would offer a policy because the home was too old. He said he checked with a Florida-based insurance agent who searched and couldn't find anything.

"I can insure a 1940s car, why can't I insure this?" Kelly said.