INSURASALES

Tag: Florida

Florida Property Insurance Market Strengthens with New Carrier Entries in 2023

Florida's property insurance market is gaining new carriers in 2023, signaling recovery and increased competition driven by legislative reforms and market stabilization.

Congress Faces Deadline to Extend ACA Enhanced Premium Tax Credits

Congress must decide on extending ACA enhanced premium tax credits to prevent steep premium hikes and increased uninsured rates, with Florida particularly affected.

Florida Retracts $2.1 Billion from Insurer Reinsurance Support Amid Lower Claims

Florida withdraws $2.1 billion from insurer reinsurance support programs following lower-than-expected hurricane claims, reflecting changes in the state's property insurance market and reinsurance strategies.

Florida Auto Insurance Costs Drop in 2025 but Remain Among Highest Nationally

Florida saw a 9% drop in auto insurance premiums in 2025 but remains the second most expensive state. Rising repair costs and climate risks keep premiums high.

Florida Property Insurance Sees Rising Premiums Despite Stable Policy Counts

Florida's property insurance market shows rising premiums driven by construction and reinsurance costs despite stable policy counts following litigation reform legislation.

Florida Appeals Court Limits Use of Claims Handling Delays in Insurance Dispute Trials

Florida's 4th District Court of Appeals rules limiting references to claims handling delays in insurance disputes, emphasizing compliance with documentation over bad faith allegations.

Slide Insurance CEO Compensation and Premium Increases Spotlight Florida Insurance Market Reforms

Slide Insurance's IPO prospectus reveals $50 million executive payouts and premium hikes amid Florida insurance reforms impacting Citizens policy takeouts and market competition.

Florida Healthcare Cybersecurity Breaches Expose Millions of Patient Records

Recent data breaches in Florida's healthcare sector have exposed millions of patient records, emphasizing urgent cybersecurity investment and enhanced defenses against phishing and fraud.

Florida Real Estate Faces Structural Downturn Amid Rising Climate-Driven Insurance Costs

Florida's housing market downturn is exacerbated by rising insurance premiums and condo fees linked to extreme weather, signaling a structural shift in real estate economics related to climate risks.

Volusia County Schools Switches to Curative for $153M Health Insurance Contract

Volusia County Schools awards $153M health insurance contract to Curative, shifting focus to preventative care with $0 copays, impacting 6,300 employees.