S&P Global Market Intelligence analyzed 51 insurance subsidiaries, of which 36 reported net losses during Q2 2021. (Photo: Sean Pavone/Adobe Stock)
Insurers that provide residential property insurance in the Sunshine State reported aggregate net income losses of $285.3 million during the second quarter of 2021, according to an S&P Global Market Intelligence analysis of regulatory filings. The period represents the fifth-straight quarter of triple-digit aggregate losses for insurers operating in the Florida homeowners market, with year-to-date losses totaling more than $500 million.
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