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A New Approach: Florida Agents Association Makes Big Investment in Startup Insurer

The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance ....

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Life After Runoff? Anchor Insurance Exploring 'Possibilities' in Warming Florida Market

It's rare for a property insurance company to emerge from an orderly runoff and re-enter the marketplace as a going concern. In fact, it has never ....

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Stock Market | FinancialContent Business Page

Stock Market | FinancialContent Business Page
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Florida's property insurance market is ailing. There is no quick fix

Updated 2 hours ago
Floridaâs property insurance market posted one of its worst financial performances in 2020, even without a hurricane making landfall in the Sunshine State, and policyholders are starting to pay the price.
Experts say there is no quick fix to the challenges buffeting the industry.
Fifty-six Florida insurers reported a combined $1.57 billion in underwriting losses, according to financial data obtained by the Tampa Bay Times, spending more on claims and expenses than they brought in through premiums. The figure marks the industryâs fifth consecutive year of losses in the state and is more than two-and-a-half times what those companies lost in 2019. ....

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Florida's property insurance market is ailing. There is no quick fix

Florida's property insurance market is ailing. There is no quick fix
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