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.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 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.
