Hurricane Helene has left a wake of death and destruction across Florida, Georgia, the Carolinas and Tennessee after it made landfall in Florida on Sept. 26. Despite being downgraded to a tropical depression, hundreds were killed by the storm, millions are still without power, and the damage is estimated in the billions of dollars.

An property insurer of last resort in Florida is set to hand over hundreds of thousands of policies to the private sector later this month due to overwhelming demand. Earlier this year, regulators in the Sunshine State approved proposals that would allow private insurers to take policies from the state's Citizens Property Insurance Corporation.