Florida's 2023 insurance reforms, including HB 837, have led to auto and property insurance rate decreases, increased market competition, and reduced litigation impacts, stabilizing the insurance marketplace.

Florida approves two new property insurers, Stand Insurance Exchange and Praxis Reciprocal Exchange, expanding competition and contributing over $574M in surplus. Policy transfers from Citizens Property Insurance signal market reforms and rate stabilization in Florida's property insurance sector.

Blue Cross Blue Shield of Minnesota agrees to pay $71 million as part of a $2.8 billion national settlement addressing competition and payment disputes with health care providers. The settlement includes operational reforms and aims to improve transparency and provider payments.