The Florida insurance market reportedly suffers from rampant fraud and misuse of assignment of benefits (AOB). In this photo, debris from Hurricane Idalia litters a canal in Horseshoe Beach, Fla. (Credit: Eva Marie Uzcategui/Bloomberg) The Florida insurance market reportedly suffers from rampant fraud and misuse of assignment of benefits (AOB). In this photo, debris from Hurricane Idalia litters a canal in Horseshoe Beach, Fla. (Credit: Eva Marie Uzcategui/Bloomberg)

Florida's insurance landscape has been tumultuous, with net underwriting losses exceeding $1 billion consecutively in recent years, according to the Insurance Information Institute.

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