Shutterstock_2217048991

10 January 2024Insurance

Florida insurance at end-2023: litigation slows, open market grows

Florida homeowners slowed their rush to take insurers to court and private carriers took hold of an increasing share of the state’s property market as 2023 drew to a close, helping to fuel optimism from regulators that the strained market may be turning a corner.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Florida carriers upped reinsurance 11% in ‘23, escaped rate noose

4 January 2024 Risk adjusted rate increases landed at just over half the initially feared level.

Florida cites 32 insurer red flags in H2; three carriers put on watch

4 January 2024 Regulators focus their ire on mass non-renewals and sizeable rate hike requests.

Florida insurers offload losses to Citizens, but still deep in red

31 March 2023 Florida-focused insurers shrink their way to a 15% cut in underwriting losses to $1.4bn.

More articles

US state insurance commissioners urge Musk to scrap Federal Insurance Office

Lockton Re reveals new US segment for programmes and MGAs

Talanx terminates agreement with Meiji Yasuda

Acrisure snags industry veteran to bolster expertise

MGA Alta Signa taps talent pool to bolster cyber division

Volante builds out board with former Helios, Ascot CEO

BMS swoops for UK broker in largest acquisition yet

Zurich partners with Blink to expand parametric offering

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze