State insurance regulators will hold a public symposium next month in the Orlando area about how to improve the state's stormy property and home insurance industry. This month, the Office of Insurance Regulation approved  a 15 percent average increase for Royal Palm Insurance.

The office is expected to decide on proposed rate hikes for Citizens Property Insurance by the end of the month.  During the hearings on the rate hike proposals, the insurers said increases are needed at least in part to pay for higher claims costs for problems other than hurricanes such as sinkholes, fires and damaged pipes. 

Steve Alexander, an actuary with the Insurance Consumer Advocate's office, said the company could fold if there's a major hurricane. Alexander noted that Weiss Research, which evaluates the financial health of insurers, has given Royal Palm a 5 percent risk of default.