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
🇺🇸 Florida Insurance News
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 policyholders’ 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 USAA’s 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 & Brown’s 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 Florida’s 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 DOAH’s authority and rejecting a broad injunction
Citizens loses top spot as Florida’s private insurers retake the property market
Citizens sheds 900k+ policies as private insurers return, signaling rare stability in Florida’s long-troubled property insurance market
Florida House Bill 261 targets employer-owned life insurance with new rules
Florida lawmakers propose HB 261 to regulate employer-owned life insurance, limit coverage to key staff, and require reporting and public disclosure
State Farm cuts Florida auto insurance rates again, down 20% total
State Farm trims Florida auto premiums by another 10%, marking a 20% total cut in a year as insurers credit reduced litigation for lower costs
Florida Senate Bill 158 pushes stricter pet insurance disclosures & reporting rules
Florida Senate Bill 158 proposes tougher pet insurance disclosures, annual insurer reporting, and new continuing education for agents selling the line
Florida bill seeks to bar AI-only insurance claim denials, mandate human review
Florida Senate Bill 202 would require insurers to ensure humans make final claim denial decisions, with written affirmations and regulator oversight
Stand secures $35 mn Series B to expand catastrophe insurance into Florida
Stand, an insurtech startup targeting properties most at risk from natural disasters, has closed a $35m Series B round
Tesla Insurance eyes Florida – real-time pricing, employee rates, and a 12-state footprint
Tesla filed an updated Florida auto program effective Dec 2025, runs Safety Score 2.2 with up to ±50% monthly premium swings, and operates across 12 states with in-house insurers
Florida Democrats push bills to curb property insurance costs nearing $5.7K
Florida Senators roll out bills to cut insurance hikes, expand oversight, create relief funds, and mandate fairer claims processes
Maxwell Frost pushes Florida leaders on Citizens Insurance arbitration rules
Rep. Maxwell Frost questions Citizens’ arbitration system, pressing Florida leaders for details on HB 799 and fairness in policyholder disputes.
Florida’s largest personal auto insurers are signaling an average rate reduction of 6.5%
Florida’s five largest personal auto insurers are signaling an average rate reduction of 6.5%, according to the Florida Office of Insurance Regulation
Marsh USA sues former Florida executives over alleged mass defection to Howden
Marsh USA has filed a lawsuit in U.S. District Court for the Southern District of New York, accusing four former Florida-based executives of orchestrating a large-scale employee
Florida approves assumption of up to 228,947 Citizens policies by 7 insurers
The Florida Office of Insurance Regulation approved seven companies to assume up to 228,947 multiperil and wind-only personal residential policies from Citizens Property Insurance
Personal insurance litigation in Florida declined ~25% in H1 2025
Personal insurance litigation in Florida declined nearly 25% in the first half of 2025 compared with the same period in 2024, according to the Florida Office of Insurance Regulation
Florida cuts RAP funding by $1.1 bn and eliminates FORA reinsurance program
Florida Gov. Ron DeSantis signed a bill reducing available funds for the state’s Reinsurance to Assist Policyholders program by $1.1 bn
Florida reforms drive reinsurers to expand at mid-year renewals
Gallagher Re’s 1st View mid-year renewal report highlighted that recent legislative reforms in Florida encouraged reinsurers to write more broadly at mid-year renewals
Florida approves Southern Oak and American Integrity to assume 51,500 Citizens policies
The Florida Office of Insurance Regulation (FLOIR) has approved requests from Southern Oak Insurance Co. and American Integrity Insurance Co. to assume a total of 51,500 policies
Florida Court backs Amerisure’s denial of condo defect claim, rejects $8.5 mn settlement
A federal court in Florida upheld Amerisure Insurance Co.’s denial of coverage in a dispute over construction defects at a condominium complex
Florida Legislature passes bill on foster care insurance coverage reform
The Florida Legislature passed a bill aimed at addressing foster care insurance coverage by limiting liability for subcontractors involved in the system
Florida lawmakers propose attorney fee shift in insurance disputes via mining legislation
Provisions altering the rules for awarding attorney fees in Florida have been added to legislation originally focused on procedures for phosphate mining litigation
Florida expands pet insurance regulations with new disclosure and standards
Florida introduced new regulations to define terms, require disclosures, and establish other regulatory standards for pet insurance and wellness programs
Florida Insurance Regulator seeks full independence from Financial Services Department
The Florida Office of Insurance Regulation (OIR) has proposed ending its placement within the state’s Department of Financial Services
U.S. Senate moves to extend National Flood Insurance Program through 2026
A new Senate bill seeks to extend the National Flood Insurance Program (NFIP) through December 2026, aiming to end a decade of frequent short-term extensions
Florida’s legislative session introduced several bills addressing property insurance
Florida’s legislative session, which began on March 4, introduced several bills addressing property insurance
Gov. Ron DeSantis opposes efforts to repeal Florida’s no-fault automobile insurance laws
Gov. Ron DeSantis opposes efforts to repeal Florida’s no-fault automobile insurance laws, citing concerns about higher rates and the legal industry’s influence
Florida’s 2025-2026 budget dedicates over $600 mn to home & condominium risk mitigation
Florida’s 2025-2026 budget dedicates over $600 million to home and condominium risk mitigation. This funding supports the My Safe Florida Home grant program
Florida’s Citizens Property Insurance will lower rates by 5.6% statewide in 2025
Florida’s Citizens Property Insurance will lower rates by 5.6% statewide in 2025, Gov. Ron DeSantis announced. He claimed the state experienced the lowest average increase
Florida Insurance Regulator approves homeowners policy transfers from Citizens
The Florida Office of Insurance Regulation approved three insurers to assume 160,440 multiperil homeowners policies from Citizens Property Insurance Corp
Florida insurers have paid $5.2 bn in the wake of hurricanes Helene and Milton
Florida insurers have paid approximately $5.2 bn following hurricanes Helene and Milton, according to data from the Florida Office of Insurance Regulation
Hurricane Helene could result in National Flood Insurance Program losses $3.5-7 bn
The Federal Emergency Management Agency announced that Hurricane Helene could result in National Flood Insurance Program losses between $3.5 bn and $7 bn
Florida’s Office of Insurance Regulation reported $2.3 bn Hurricane Milton insured losses
Florida’s Office of Insurance Regulation (OIR) reported $2.34 bn in insured losses from Hurricane Milton, with 189,858 claims filed and 8.4% closed
Florida faces record flooding: Hurricane Milton threatens billions in insured losses
Florida faces its second major hurricane, with predictions of record-breaking storm surges and flooding. Private flood insurance premiums in the state
Hurricane Helene: Florida P&C insurers processed 48,341 claims, totaling $508 mn
Florida property & casualty insurers had processed 48,341 claims, totaling $507.5 mn in estimated losses, according to the Florida Office of Insurance Regulation
Florida Regulators approve takeout of property insurance policies
The Florida Office of Insurance Regulation has approved requests from eight carriers to take over 232,535 personal residential multiperil policies and 2,500 residential
Insured losses from Hurricane Debby increased to $122 mn in Florida
Florida reported $121.5mn in estimated insured losses from Hurricane Debby, with 59.6% of claims closed, according to the Office of Insurance Regulation
Hurricane Debby caused $90 mn in insured losses in Florida
Hurricane Debby caused $90 mn in insured losses, according to an initial estimate from insurers to the Florida Office of Insurance Regulation
Florida Department of Insurance approved 410,628 property insurance policy takeout requests
Citizens Property Insurance Corp. will reduce its business after Florida Insurance Commissioner Michael Yaworsky approved 410,628 policy takeout requests
Florida’s insurance market continues to strengthen in 2024
Florida insurance market continues to strengthen, showing signs that recent legislation is having positive impacts on property and casualty insurance market
National Flood Insurance Program secured $575 mn in reinsurance from ILS
U.S. Federal Emergency Management Agency has reinforced its dedication to enhancing the National Flood Insurance Program by securing $575 mn
Florida’s property insurers are taking a cautious approach
Florida’s residential property insurers are taking a cautious approach when estimating how industry reforms passed in late 2022
Florida’s insurance market experienced difficulties – insurers decreases coverage
Florida’s insurance market has experienced difficulties in recent years, with some private insurers becoming insolvent, and others choosing to halt coverage
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US homeowners insurers recorded a $16.5 bn underwriting profit as combined ratios improved and insurance rate increases slowed in 2026
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