This was probably in the works well before the recent torrential rain event in Ft Lauderdale, but underscores the fulminating problem. In an area that is getting more and more flood prone, insurance is getting harder and more expensive to get.
Taxpayers may be left holding the bag.

NBC 2 Ft Meyers:

Thousands of flood insurance policies are being canceled in Florida.

TypTapis one of onlya few companies that still sell private flood insurance.

NBC2 has learned the company plans to shed nearly 10,000 policies.

Reid McDaniel with McDaniel Insurance Solutions confirmed TypTap is getting out of the flood insurance business.

“Unfortunately though due to the reinsurance and the issues Florida is having it’s a product they can’t offer anymore,” McDaniel explained.

It’s unclear how many policies exist in Southwest Florida; however, various agencies confirmed the company had many active policies in the area.

“They are letting people…