By some estimates, homeowners' insurance in Florida is set to increase by 66% in 2023.
In Southeastern Louisiana, people are already feeling like they're underwater because of the rising cost of homeowners' insurance.
"I have a client that actually did walk away from her house just about two weeks ago," said Baldwin."The rate increase began on January 1 of this year at 63%, so now you have people that were getting the higher rates last year, they're getting three times higher the rate this year, so it's just been one crazy whirlwind."
Taylor is the owner of KFT Insurance Agency in Gretna, a large city across the river from New Orleans. She says car and business insurance are also affected, on top of coverage for housing.
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