FadeToBlack&Gold
Kettle Medallion
They believe people will pay them. The increases have their profit goals already baked into them. So if people are willing to foot the bill, they will just keep on as normal.
I think it's probably a safe bet that California has more people likely to pay insanely high HOI rates than Florida. The latter is full of two types of people. One is really old farts who've lived there for years and no longer have a mortgage, but constantly whine about how much everything costs now. Those people will just take the risk of not carrying HOI and hope they don't lose it all in the next hurricane, similar to how they already dropped their car insurance, and take their heart meds every other day (God Bless America! /s).
The other is yuppie COVID transplants who thought that they could live high on the hog in a "cheap" red state and be free of the hated mask mandates. If any of those people bought property in Florida, they're about to be going through some things, and I don't feel sorry for them at all.
FWIW, Florida is such a disaster that I know a guy originally from Long Island who moved down to Miami several years ago, and he actually moved back up to New Jersey last year. Yeah - New Jersey!