New entrants, reforms, and lower litigation costs reshape insurer financial outcomes
Florida’s personal property insurance market is undergoing a transition, with signs of stabilization after a period of volatility and sharp premium increases.
According to a report by AM Best, the state’s property/casualty sector is seeing increased competition, new market participants, and moderating premiums. In a notable development, the segment posted an underwriting profit in 2024, ending eight consecutive years of losses.
Florida personal property insurers recorded…