Florida Citizens Property Insurance plans a 2.6% average residential rate cut for 2024, driven by 2022 litigation reforms and ongoing depopulation efforts to stabilize the insurance market.

Citizens Property Insurance recommends 2.6% average rate decrease for 2026 in Florida, driven by litigation reforms and depopulation efforts. Significant savings expected in South Florida.

Florida’s property insurance reforms have reduced litigation by 30%, increased insurer accountability, and introduced regulatory plans for AI oversight, driving market stability despite ongoing challenges.

Congressional leaders and health experts convene to discuss sustainable reforms to ACA subsidies amid affordability and inflation concerns. Focus on eligibility, income caps, and insurance pools.

Florida's auto insurance fraud landscape is evolving; PIP reforms curb old schemes but fraud shifts to costly bodily injury claims, impacting insurers and consumers.

Heritage Property & Casualty Insurance secures approval for average 3.3% rate reduction in Florida, reflecting impacts of recent state insurance reforms.

Survey reveals Florida homeowners insurance market stabilization with faster claims but ongoing premium affordability issues post-Hurricane Ian.

Florida home insurance premiums stabilized from August to September 2024, with minimal increases influenced by quieter storm seasons and lower reinsurance costs, signaling potential moderation in future rates.

Florida's 2023 insurance reforms, including HB 837, have led to auto and property insurance rate decreases, increased market competition, and reduced litigation impacts, stabilizing the insurance marketplace.

Florida lawmakers introduce bills for a multi-state risk pool to stabilize home insurance rates and improve catastrophe risk management amid rising natural disaster losses.