David Jolly and Byron Donalds outline competing Florida property insurance plans
David Jolly proposes a state catastrophe fund, while Byron Donalds backs surcharge cuts, home-hardening grants and moving Citizens policies private
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Latest Florida insurance news from US insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from the United States.
Florida orders The Wave, Hydrogen Deep to halt insurance operations over $100K in premiums
Florida orders Hydrogen Deep and The Wave Risk Retention Group to cease insurance activity after regulators found more than $100,000 in premiums were collected
Tropical Storm Hanna formed in the central subtropical Atlantic Ocean
Tropical Storm Hanna forms east-northeast of Bermuda with 45 mph winds. NHC expects little change in strength, with no threat to land
AI platform Equal Parts acquires Florida transportation broker Independence
Equal Parts acquired Florida-based Independence Insurance Agency, its second transportation insurance acquisition announced in consecutive weeks
Florida homeowners insurance rates fall as more insurers seek cuts
Florida homeowners insurance rates are easing as regulators approve cuts, more insurers enter the market and premiums decline across 51 counties
Florida farm manager admits $3.25 mn crop insurance fraud
Florida farm manager Mark Frisbie agreed to plead guilty in a crop insurance fraud case and pay more than $3.25 mn in federal restitution
Florida approves home insurance rate cuts ~7% for 62,000 policies
Florida approved homeowner rate cuts averaging 7% for 62,000 policies as insurers file more decreases and Citizens continues shrinking
David Jolly and Byron Donalds outline Florida property insurance plans
David Jolly and Byron Donalds propose different Florida property insurance reforms covering hurricane risk, Citizens, litigation and insurer transparency
Florida hurricane losses could exceed $300 bn as coastal exposure grows
A Category 5 hurricane hitting Miami or Tampa Bay could cause insured losses above $300 bn as Florida’s population and property exposure keeps rising
Orion180 Insurance Group seeks up to $340 mn in US IPO
Orion180 plans to raise up to $340 mn in a US IPO, valuing the specialty homeowners and flood insurer at about $1.7 bn at the top of the range
NFIP subsidies remain concentrated in Florida and higher-value properties
Neptune Flood Research Group estimates $2.6 bn in annual NFIP subsidies remain, with Florida receiving nearly half and higher-value properties taking a large share
Florida judge dismisses Lighthouse investor lawsuit over Hurricane Ida losses
A Florida judge granted summary judgment against investment funds that accused former Lighthouse Property Insurance executives of concealing Hurricane Ida losses
Florida homeowners and auto policyholders paid $3 bn less for insurance
Florida homeowners and auto policyholders paid nearly $3 bn less in 2025 as insurance litigation declined and market conditions improved, a study found
Citizens Property Insurance sends 45,000 Florida homeowners non-renewal notices
Citizens Property Insurance sent 45,000 Florida homeowners non-renewal notices as the state-backed insurer continues shrinking its policy count
Insurtech Kin signs four-year FSU Athletics jersey patch partnership
Kin signed a four-year partnership with FSU Athletics, becoming its preferred insurance partner and first jersey patch sponsor across 18 varsity programs
Florida ACA enrollment drops as higher health insurance premiums strain households
Florida lost about 443,000 ACA enrollees after enhanced subsidies expired, leaving households exposed to higher premiums and medical costs
Florida home insurance rates fall in 51 counties as the hurricane season continues
Florida regulators report lower home insurance rates in 51 counties as litigation reforms, fewer Citizens policies and cheaper reinsurance ease premiums
Florida approves Citizens commercial insurance clearinghouse
Florida approved a new clearinghouse to move Citizens commercial policies into the surplus lines market and expand private insurance participation
Florida reinsurance market regains capacity after legal reforms
Florida’s reinsurance market improved after tort reforms, stronger underwriting and lower litigation, with June renewals bringing more capacity and softer pricing
Florida property tax plan risks $175 bn debt market
S&P warns Florida local governments face credit pressure if voters approve a property tax plan affecting more than half of homes
Florida property insurers face 2026 hurricane test
Fitch says Florida property insurers enter the 2026 hurricane season with stronger capital, better reinsurance, and lower Citizens exposure
Florida property insurers may see lower June reinsurance costs after reforms
AM Best expects softer June 2026 reinsurance renewals for Florida property insurers as litigation reforms and better results support capacity
Florida home insurance premiums rise 75% as weather risks mount
Florida homeowners insurance premiums rose 75% from 2021 to 2025, nearly twice the U.S. average, as weather risk and reinsurance costs strain the market
Florida homeowners drop coverage as hurricane insurance costs rise
South Florida homeowners face high insurance costs before hurricane season, with some choosing to self-insure despite flood and wind risks
Florida surplus-lines homeowners insurance premiums near admitted market rates
Florida surplus-lines HO-3 premiums fell below $3,500 in April as E&S policy counts rose and admitted-market pricing narrowed
Florida permit law raises insurance concerns
Florida HB803 removes permits for work under $7,500, expands private inspections, and creates new concerns for residential insurers
Insurtech Kin Insurance completes $335 mn catastrophe bond deal
Kin Insurance completed its largest catastrophe bond transaction, securing $335 mn through Hestia Re to support homeowners in storm-exposed markets
Florida sets new e-signature rules for auto salvage insurance claims
Florida insurers face new identity verification rules for electronic signatures tied to salvage titles and certificates of destruction from July 2026
US prosecutors charge 30 in insider trading scheme
Federal prosecutors charged 30 people in a decade-long insider trading scheme tied to stolen merger information from major law firms
RenaissanceRe sees stronger reinsurance demand ahead of mid-year renewals
RenaissanceRe says new reinsurance demand is running above January expectations, with Florida and U.S. property cat still offering profitable growth
BayCare pilots hospital robotics with Rovex to streamline logistics
BayCare tests robotic transport workflows with Rovex to reduce operational strain and improve efficiency across hospital operations
Florida extends oversight of American Mobile as mobile home insurance strain deepens
Florida regulators extended supervision of American Mobile Insurance Exchange again, as coverage gaps and rising premiums continue to pressure the mobile home market
Federal Housing Finance Agency chief accuses Letitia James of false insurance filings
FHFA Director William Pulte sent criminal referrals accusing Letitia James of false statements in insurance filings tied to a Virginia property
Sypher Insurance Exchange wins Florida permit as startup insurer targets organic growth
Sypher Insurance Exchange won a Florida operating permit and now moves toward final approval as the startup sticks with an organic growth strategy
Fannie Mae updates property insurance standards and condo project rules
Fannie Mae revises condo review, reserve, and insurance rules, giving lenders more flexibility while tightening standards for long-term project stability
Florida mitigation program faces scrutiny over roof funding and limited insurance savings
Floridaās My Safe Florida Home program draws criticism over roof funding, limited insurance savings, and inspection challenges
Florida bill easing permit rules raises risks for insurers
Florida lawmakers approve bill exempting small projects from permits, prompting concerns over inspections, contractor practices, and insurance claims
Outdated flood maps drive debt in US National Flood Insurance Program
The National Flood Insurance Program provides flood coverage to households and businesses across the United States
NFIP shutdown risk exposes gaps in flood insurance cover access
Federal shutdown froze NFIP policy issuance and renewals, disrupting property deals and highlighting need for private flood alternatives
Progressive issues $1 bn in Florida auto insurance refunds
Progressive returns nearly $1bn to Florida drivers after litigation reform and lower loss costs, with average rebates around $300 per policyholder
Insurtech Kin lifts GWP 28% to $635 mn as renewal base expands
Insurtech Kin reports 28% GWP growth to $634.4 mn, rising renewal premiums and improved operating margin despite softer insurance market conditions
GEICO faces class action over added drivers and insurance premium hikes
GEICO faces a proposed class action in Florida federal court alleging the insurer added unrelated drivers to policyholdersā auto coverage without consent, triggering higher premiums
Florida Senate panel backs rideshare insurance rollback
Florida SB 632 would cut $1 mn rideshare liability during trip acceptance phase, drawing support from Uber and Lyft and pushback from trial lawyers
Slide Insurance targets $250 mn Purple Re cat bond with wider storm coverage
Slide Insurance returns to the cat bond market seeking $250 mn via Purple Re 2026-1, expanding named storm coverage beyond prior deals
Florida bill targets Citizens Insurance arbitration rules, offers jury trial option
Florida lawmakers weigh changes to Citizens Insurance arbitration, giving policyholders a choice between mandatory arbitration and jury trials amid legal scrutiny
Florida regulators approved new auto insurance rate cuts heading into 2026
Florida regulators approved new auto insurance rate cuts heading into 2026, with USAAās 7% reduction adding over $125 mn in annual savings
Florida drops insurance fraud case tied to AOB claims against Tower Hill
Criminal fraud charges against a Florida restoration contractor linked to AOB litigation were dismissed, leaving insurers frustrated as civil suits continue
USAA cuts Florida auto insurance rates 7% as pricing stays firm elsewhere
USAA will lower Florida auto rates by 7% in May, bucking national trends as tort reform, loss moderation, and strong earnings reshape pricing
Insurtech Kin rolls out auto cover in Florida and Texas to enable bundling
Digital insurer Kin launches auto insurance for Florida and Texas homeowners, offering bundled savings of up to 20% in high-cost markets
Progressive to return up to $950 mn to Florida auto insurance policyholders
Progressive plans up to $950 mn in credits for Florida auto customers after quiet hurricane seasons and post-2023 insurance reforms lifted profits
Florida bill raises hurricane fund retention and reshapes insurer reimbursements
Florida lawmakers proposed HB 1349 to lift the Hurricane Catastrophe Fund retention to $8.5 bn, revise insurer multiples, and expand reimbursement to loss adjustment expenses
Florida Citizens Insurance policyholders to see average 8.7% rate cut as enrollment drops
State-backed insurer posts its largest reduction in a decade, with South Florida homeowners seeing double-digit relief as policies shift back to the private market
Florida insurance broker gets 35 months for $134 mn ACA enrollment fraud
A federal judge sentenced a Pembroke Pines insurance broker to nearly three years in prison for a $134mn Affordable Care Act fraud scheme
Howden US blames Brown & Brown culture for mass employee exits
Howden US pushes back against Brown & Brownās injunction bid, arguing employee departures stemmed from poor management, pay, and culture
Florida approves 124k Citizens policy transfers as market steadies
Florida regulators approved six insurers to assume over 124,000 Citizens policies, continuing depopulation as the state market stabilizes
Florida Citizens Property Insurance enrollment sinks after reforms reshape market
Enrollment at Floridaās insurer of last resort has fallen sharply, as lawmakers credit legal reforms with restoring competition and stabilizing property insurance
Florida approves pet insurance rate hikes averaging 9.25%
Florida regulators approved 12 pet insurance rate increases this year, averaging 9.25%, as veterinary costs continue to rise faster than inflation
Florida bill HB 459 pushes mandatory mediation for disputed property claims
HB 459 would require mediation for disputed property insurance claims, creating faster timelines and shifting many cases to administrative hearings
Florida court clears more than 400 Citizens arbitration cases to resume
A Florida court lifted the block on 400+ Citizens arbitration cases, backing DOAHās authority and rejecting a broad injunction
Citizens loses top spot as Floridaās private insurers retake the property market
Citizens sheds 900k+ policies as private insurers return, signaling rare stability in Floridaās long-troubled property insurance market
Global research with insurance leaders examines why AI investment often remains tied to existing processes and how insurers are redesigning operating models
JWC expanded its Black Sea Listed Area, increasing war risk exposure for ships and adding insurance costs across Ukrainian and regional routes
Cyber insurers are reviewing policy wording as autonomous AI agents create new questions over cyberattack definitions, liability and coverage triggers
US employer healthcare costs will rise 9.5% in 2027, taking average annual spending above $19,000 per employee. The forecast extends a run of healthcare cost increases approaching double digits