“The timing is right for us to scale our business and do our part to foster long-term stability in this market. The recent reforms are working and the Florida insurance market is stabilizing,” Slide founder and CEO Bruce Lucas said in an emailed statement. Credit: SALTY RIVER/Adobe Stock “The timing is right for us to scale our business and do our part to foster long-term stability in this market. The recent reforms are working and the Florida insurance market is stabilizing,” Slide founder and CEO Bruce Lucas said in an emailed statement. Credit: SALTY RIVER/Adobe Stock

Insurtech Slide Insurance has acquired the renewal rights for 86,000 home insurance policies in Florida from Farmers Insurance, which previously announced it would not renew the policies as it pulls back in the state.

The move does not include any of Farmers’ renters, auto or umbrella policies. Renewals from Slide will begin for February 2024 effective dates and Farmers agents in the state will be offered appointments with the insurtech.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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