In 2020, the premium for Florida homeowners insurance was on average $650 greater in Florida than in most other states for comparable coverage and was projected to be $866 greater than in most other states in 2021. (Credit: PixieMe/Stock.adobe.com) In 2020, the premium for Florida homeowners insurance was on average $650 greater in Florida than in most other states for comparable coverage and was projected to be $866 greater than in most other states in 2021. (Credit: PixieMe/Stock.adobe.com)

The Florida homeowners insurance market is financially stressed. Florida domestic property insurers have reported losses for several years, and surplus decline is outpacing premium growth. As a result, Florida's homeowners face year-over-year soaring premiums and fewer choices.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Litigation
Personal Lines