Insurance Executives Gain Billion-Dollar Fortunes in Florida P&C Market

Three insurance executives have amassed billion-dollar fortunes by focusing on Florida's challenging property and casualty insurance sector. The husband-and-wife team Bruce and Shannon Lucas saw their combined net worth temporarily exceed $1 billion due to a 37% rise in Slide Insurance Holdings Inc.'s shares during its initial trading days. Similarly, Trevor Burgess achieved a net worth of $1.2 billion following a 17% increase in shares of Neptune Insurance Holdings Inc., a leading private flood insurer based in St. Petersburg, during its New York stock market debut.