Tag: Florida Market

New Bill Seeks to Align Private Flood Insurance with NFIP Coverage Rules

The Continuous Coverage for Flood Insurance Act aims to integrate private flood policies with NFIP rules, boosting consumer choice and market competition while preserving pricing benefits.

Affordability Challenges Heighten for Florida Latino Families in Health and Child Care

Florida Latino families face greater affordability challenges in health care and child care compared to national averages, highlighting insurance coverage gaps and economic pressures.

Florida Insurance Reforms Show Market Gains Amid New Competition, Rate Stabilization

Florida's recent insurance reforms are leading to increased competition, market stabilization, and rate decreases, with Attorney General Uthmeier emphasizing responsible industry behavior to sustain progress.

Florida Regulators Approve Second Rate Cut for Heritage Property & Casualty

Florida Heritage Property & Casualty Insurance receives regulatory approval for a second rate cut in two years, impacting property insurance premiums and policyholders in the state.

Florida Approves Insurers to Shift Tens of Thousands of Policies from Citizens

Florida regulators approve private insurers to take tens of thousands of policies from Citizens Property Insurance Corp., aiming to reduce the insurer of last resort's market share amid hurricane season risks.

Florida Homeowners Insurance Market Shows Stability Despite Local Rate Concerns

Florida's homeowners insurance market shows decade-high stability with mixed rate changes, though local consumers report rising premiums post-Hurricane Ian and limited insurer options in some areas. Regulatory filings indicate ongoing shifts in rates.

American Integrity Insurance Group Reports Robust Q2 2025 Growth Post-IPO

American Integrity Insurance Group reports strong Q2 2025 financial results with significant policy growth and robust underwriting in Florida's residential property insurance market following its IPO.

Lawmakers' Healthcare Perks and Florida's Property Insurance Challenges

Explore the financial implications of lawmakers' top-tier family insurance plans and the prominent property insurance issues facing Florida Republicans, emphasizing key industry insights and market challenges.

Florida Approves Two New Property Insurers Amid Market Stabilization

Florida Office of Insurance Regulation approves two new property insurers as market reforms lead to rate stabilization and increased profitability in 2024.

Patriot Select Assumes 12,000 Florida Homeowners Policies from Citizens

Patriot Select took over nearly 12,000 Florida homeowners multi-peril insurance policies from Citizens Property Insurance, backed by a strong reinsurance program and additional capital.