ALIRT's 2025 review reveals a stabilized Florida property insurance market post-tort reforms, marked by new insurer entries, improved financial health, and ongoing regulatory challenges.

ALIRT's 2025 report highlights Florida's domestic property insurance market recovery, driven by legislative reforms boosting insurer solvency, underwriting, and market stability amid ongoing risks.

Florida officials propose updates to insurance regulations targeting homeowner insurance cost challenges and market stability. Stakeholders engage on balance of consumer protection and insurer solvency.

Citizens Property Insurance recommends a 2.6% statewide premium cut for 2026 personal lines in Florida, with significant regional variations reflecting market reforms and private insurer relocations.

Heritage Property & Casualty Insurance receives regulatory approval for up to 9.6% rate reductions in Florida, signaling ongoing market adjustments following state reforms. Policyholders see an average 3.3% decrease effective February 2026.

Florida's Citizens Property Insurance Corp. sheds nearly 200,000 policies as private insurers expand, marking lowest policy levels since 2021. Depopulation program and regulatory reforms drive market shift amid hurricane risk.

Florida grapples with rising healthcare costs and coverage risks as ACA premium tax credits expire and Medicaid funding faces significant cuts, affecting millions of residents.

State Farm remains a stable choice for Florida homeowners amid hurricane risks, litigation challenges, and recent premium reductions by Citizens Property Insurance.

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'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.