New insurer enters Florida’s property insurance market amid growing ‘stability’

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 22 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Property Insurance News

Cost Of Living,Is Florida Expensive To Live,Government

Another insurance company has decided to enter Florida’s property insurance market, a move expected to boost competition and offer more options for Floridians.

FLORIDA, Fla.Florida lawmakers introduce new bill that could save money on flood policies, attract homeowners

The commissioner referenced the addition of Trident Reciprocal Exchange, a new property insurer set to begin offering coverage to Florida homeowners following the state’s landmark reforms in 2023. Friedlander also noted that 12 companies have filed for rate decreases this year, while 24 have filed for no change in premiums. These trends could soon affect property insurance policy premiums for homeowners across the state.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 246. in CA

Canada Canada Latest News, Canada Canada Headlines