INSURASALES

Tag: Florida insurance market

Florida Auto Insurers Announce Average 6.5% Rate Cuts Amid Market Reforms

Florida's top auto insurers plan average 6.5% rate cuts in 2024, reflecting the impact of recent legislative reforms on the state's auto insurance market. Drivers see financial relief after previous steep premium hikes.

Florida OIR and University of Florida Promote Resilient Homebuilding to Mitigate Water Intrusion and Insurance Costs

Florida's OIR and University of Florida partner to enhance home resilience against water intrusion, aiming to reduce insurance costs through advanced building materials and smart technologies.

Florida Approves Major Policy Transfers from Citizens to Private Insurers

Florida regulators approve Southern Oak and American Integrity to assume over 51,000 policies from Citizens Property Insurance, advancing the state's insurance market depopulation strategy and signaling market stabilization.

California Insurance Market Faces Regulatory Hurdles Despite New Cat Modeling Rules

Explore California's regulatory challenges in homeowners insurance amid new catastrophe modeling rules, Florida's tort reform impact, and industry perspectives on rate adequacy and market stability.