Florida’s Insurance Market

“Florida’s Insurance Market” provides comprehensive reviews and analysis of the insurance landscape in Florida. This category covers various aspects of the state’s insurance sector, including market trends, regulatory changes, and key players. It offers insights into insurance products available to Florida residents, such as homeowners, auto, and health insurance.

The reviews aim to help consumers make informed decisions by highlighting the strengths and weaknesses of different insurance providers and policies. Additionally, this category examines how local factors, like weather events and regulatory shifts, impact the insurance market.

2024 Atlantic Hurricane Season Marked a Year of Substantial Insured Losses in the U.S.

The 2024 Atlantic hurricane season ended on November 30, marking a year of above-average storm activity and substantial insured losses in the U.S.

Home Insurance in Florida: Lower Rate and Risk Crisis in 2024

Home insurance premiums in Florida rose at a much lower rate than originally projected in 2023 (80% less) and 2024 (60% less)

Florida’s Reinsurance Market Saw a Pause in 2024

Florida’s reinsurance market, after three years of significant rate hikes, saw a pause in 2024. Reinsurers viewed the outcome positively

Reinsurance Market is a Critical Part of Florida’s Insurance System

Reinsurance market — a critical piece of Florida’s property-insurance system — is improving as Florida insurers try to bounce back

Florida Hurricane CAT Fund’s Losses Outlook

Florida Hurricane Catastrophe Fund’s Losses & Insurance Claims Outlook

Florida Hurricane Catastrophe Fund plays a vital role in Florida’s property-insurance system as it provides relatively low-cost reinsurance

Natural Catastrophes Drivers. 6 Main Lessons Learned for Insurance Industry

Natural Catastrophes Drivers. 6 Main Lessons for Insurance Industry

The natural disasters demonstrate that economic factors, in the last two years augmented by inflation, are the main driver of elevated insured losses from natural catastrophes

Insurers in Florida are Barred from Non-Renewing or Canceling Insurance Policies

Insurers in Florida are currently barred from non-renewing or canceling policies, under an emergency order issued by the state’s Insurance Commissioner

Florida’s Insurance Market Could Struggle to Respond to a Repeat of a Category 5 Hurricane

How Florida’s Insurance Market Responds to a Repeat of a Category 5 Hurricane Andrew?

Because of significant exposure growth, the impact of social inflation, and climate change complications, Florida’s insurance market could struggle to respond to a repeat of a Category 5 hurricane

Rising Home Insurance Premiums and Uneven Recovery After California Wildfires

Six months after wind-driven wildfires killed 30 people and destroyed thousands of homes and businesses in and around Los Angeles, the scenes in Altadena and Pacific Palisades remain severe

2025 Global Insurance Market Index: Commercial Insurance Rates by Region

Global commercial insurance rates declined by 3% in Q1 2025, the third consecutive decrease in the composite rate following seven years of increases

Asia Insurance Market Rates: Key Trends & Strategic Adjustments

Insurance rates in Asia dropped by 3% in Q1 2025, with competitive conditions supported by international and wholesale markets

US D&O Liability Insurance Market Continues to Experience Pressures

D&O liability insurance market in the United States continues to experience pressures from new technologies, economic volatility, and geopolitical tensions