Florida Insurance Commissioner Mike Yaworsky announced the approval of two new property and casualty insurers for the state’s market: Stand Insurance Exchange and Praxis Reciprocal Exchange.
Tag: Florida insurance
Florida’s Citizens Insurance Eyes an Average 14% Increase in 2025
The Citizens Property Insurance Corp. Board of Governors on Wednesday will consider a proposal that would lead to an average 13.5 percent rate increase in 2025 for homeowners with the most common type of policy and an average 14.2 percent increase for condominium-unit owners.
Insurer’s Retreat in Florida Signals Crisis with No Easy Fix
Insurers are trapped in a riddle: In a world where the risk of costly disasters is rising but high premiums are squeezing policyholders and angering state regulators, how can they continue to make money?
Florida Insurer Accountability Bill Advances with Bipartisan Support
As insurance rates continue to go up across the state, lawmakers at the Florida Capitol have decided to take action.