The problem is that I don't live in a high risk area in Florida. It seems that all the hurricanes either are south of us or hit the Panhandle. We don't live on the water either. We have never had a loss nor made any claims thou are premiums keep rising. It appears to me that most large insurance companies do spread their risks over several states instead of just one state. I'm suprised that Florida would allow insurance companies to have a separate company just for Florida losses.
The entire state of Florida is now considered high risk, coastal and inland as witnessed last year when hurricanes crossed the state and cause major damage in the central part of the state. Of course, the risk factor in south Miami is much higher than a home in Orlando. If you owned two equal homes in Orlando and South Miami you would see a substantial difference in the premiums.