Praxis Reciprocal Exchange secures regulatory approval to operate as a reciprocal property insurer in Florida, prioritizing policyholder interests and market stability.

Florida's 2022 property insurance reforms have not reduced claim denials or lawsuits, leaving homeowners with higher costs. Regulatory fines and ongoing investigations target insurers' compliance amid rising hurricane-related claims.

Reinsurers have yet to fully incorporate Florida's recent tort reforms into catastrophe models, affecting risk assessment and underwriting in the homeowners insurance market.

Florida's recent insurance reforms drive new property insurers into the market, lowering homeowners and auto insurance rates and reducing litigation.

Homeowners insurance premiums are set to rise 8% in 2025, driving state-level reforms in California and Florida aimed at stabilizing markets impacted by natural disasters and regulatory challenges.

Despite recent legal reforms and new insurers entering the market, most Florida homeowners continue to experience rising home insurance premiums. Data shows varied insurer performance with Citizens Property Insurance reducing premiums but shrinking in policy count. Market competition grows in South Florida, yet overall costs trend upward due to inflation and underwriting dynamics.

Florida appellate court affirms insurer's denial of windstorm damage claim due to nearly two-year delayed notice, reinforcing prompt notice requirements in homeowners insurance.

Survey reveals Florida Republicans rank homeowners' insurance as a leading economic concern alongside housing costs and property taxes, shaping policy debates.

Florida regulators approve transfer of nearly 229,000 homeowner policies from Citizens Property Insurance to private insurers amid ongoing market depopulation efforts.

Explore Florida's 2025 auto accident law reforms including modified comparative negligence and shortened statute of limitations affecting injury claims and insurance practices.