Florida's Heritage Insurance Approved for Up to 9.6% Rate Reductions in 2026

Heritage Property & Casualty Insurance Company has received approval from the Florida Office of Insurance Regulation to decrease its insurance rates for Florida policyholders, effective February 18, 2026. The rate reduction averages 3.3%, with some counties, including Palm Beach, seeing cuts up to 9.6%. This marks the second consecutive year of approved rate decreases for Heritage in Florida, indicating ongoing adjustments following state regulatory reforms. The insurer attributes these rate adjustments in part to recent reforms in Florida's insurance market aimed at stabilizing the industry. Despite these positive rate changes, some industry analyses question the overall market rebound due to increases in claims closures without payment and related litigation. Heritage's rate cuts reflect an effort to offer more affordable insurance solutions amid evolving market and regulatory conditions in Florida.