Florida's property insurance crisis isn't just about high premiums-it's about hidden costs, unfair subsidies, and the looming risk of a property insurance market collapse. The High Cost of Hidden Risk explains why the so-called "Florida insurance crisis" cannot be solved with short-term fixes or political illusions of affordability. Drawing from decades of policy experience, Don D. Brown shows how homeowners insurance reform must embrace risk-based pricing and honest capital strategies. Through stories like Maria's surprise bill, readers see how "cheap" rates today create massive debt tomorrow. The book contrasts two paths: - Pre-event funding with savings, catastrophe bonds (CAT bonds), and resilience investments. - Post-event funding with surcharges, taxpayer-backed debt, and generational cost-shifting. Brown reveals why only the first path builds true hurricane resilience and market stability.

Along the way, he exposes the behavioral traps and political pressures that keep Florida in denial. For homeowners, policymakers, and insurers alike, this is a roadmap to resilience: a clear argument that storms are inevitable, but financial collapse doesn't have to be.