Florida Homeowner Insurance Market Expands with Two New P&C Insurers

Florida's homeowner insurance market continues its expansion with the addition of two new property and casualty insurers, increasing the total number of insurers in the revived market to 17. This growth indicates a significant resurgence in the state's homeowner insurance sector after a period of contraction. The expansion can affect market competition, pricing strategies, and risk distribution in Florida's property insurance landscape.