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Eight property and casualty insurers have recently been approved to enter the Florida market.
Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.
Insurers across all lines wrote $960,802,932,489 in direct premiums in 2023, according to NAIC market share report.
Recent sales statistics indicate the electronic vehicle market is down but not out.
ValuePenguin survey results reveal Honda CR-V and Ford F-Series models are the most affordable vehicles to insure, while Tesla's Y model tops the list for most expensive auto insurance rates.
Most policyholders blame inflation and home prices for recent premium increases.
Affinity insurance marketing remains crucial despite shifting policyholder tastes, says PIMA Executive Director Ann Dieleman.
With the average premium around $6,000, some Floridians are foregoing homeowners insurance in favor of self-insurance with their investments.
Each state has an insurance department, but what does it do?
Chrysotile is the only known type of asbestos still being imported, processed and distributed in the U.S.