Photo: Felix Mizioznikov/Adobe Stock
Florida's property insurance market has been stabilizing and improving following years of large losses fueled by natural disasters. The Florida Office of Insurance Regulations (OIR) is in an ongoing effort to stabilize and strengthen the market through legislative reforms and by recruiting more insurers to the state. Eight property and casualty insurers have recently been approved to enter the market, and the acquisition of a reciprocal insurer, Trusted Resource Underwriters Exchange, has been approved. The acquisition will result in more than $1.25 billion in capital being invested into the market.
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
Already have an account? Sign In Now
© 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.
