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

Severe July storms in Broome and Tioga Counties, NY cause $25M-$30M in property damage, prompting a rise in home and auto insurance claims and highlighting flood insurance importance.

Texas homeowners confront rising insurance premiums and policy cancellations as insurers withdraw coverage due to escalating natural disaster risks, impacting market stability and coverage availability.

Honeycomb Insurance expands its non-admitted specialty program nationwide, increasing insured property limits and integrating platforms amid a challenging commercial property insurance market.

Mercury Insurance shares proactive steps for homeowners to minimize hurricane damage and navigate insurance claims during hurricane season.

RoofMarketplace secures $7M Series A funding and appoints new CEO Scott Holewinski to transform roofing claims processing with improved accuracy and transparency.

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.

Aon reports a global reinsurance capacity exceeding $720 billion in 2025, highlighting improved pricing, terms, and coverage amid record catastrophe bond issuance and robust reinsurer financial results, with regional market insights and outlook to 2026.

Florida Office of Insurance Regulation approves two new property insurers as market reforms lead to rate stabilization and increased profitability in 2024.

Explore insurance challenges and coverage options in the expanding peer-to-peer sharing economy, including vehicle and property rentals, liability protection, and industry risks.