The number of insurance companies is provided by state insurance regulators and is compiled annually by the NAIC. Depending on the type of insurance companies provided, they are classified either as property/casualty, life and fraternal, health, or title insurers. Insurers with primary corporate headquarters located in a particular state are ...
Understanding the Florida insurance market - marshmma.com
As a result, insurance has become scarcer and more expensive. With the potential for increased tropical storm activity and mounting cost of claims in the state, the Florida homeowners insurance market continues to be in what is known as a ‘hard’ market.
Insurance industry in Florida having good 2023 — so far - WPTV
2023年10月18日 · Mark Friedlander of the Insurance Information Institute explains why the insurance industry is having positive results this year. The year is also looking good for reinsurers, such as Berkshire...
Florida Insurance Crisis Explained: Why Multiple Insurers ... - Newsweek
2023年7月12日 · Farmers Insurance has become the latest insurance company to pull out of Florida, despite repeated efforts by Republican Gov. Ron DeSantis and the state legislature to shore up the volatile...
Florida news, trends and insights - Insurance Journal
Explore the latest Florida insights, trends and breaking news from property/casualty insurance industry authority Insurance Journal
Florida’s Insurance Market Continues Growth Following Historic …
2023年8月14日 · - Today, the Florida Office of Insurance Regulation (OIR) is issuing an update to Floridians regarding the continued positive signs in growth to Florida’s insurance market. The announcements follow the enactment of several reforms to strengthen Florida’s property insurance market.
OIR Provides Update on Florida’s Strengthening Property Insurance …
2024年5月18日 · Market Snapshot: As of Q4 2023, there are approximately 7.45 million residential insurance policies in force in the Florida property market. 81% of those policies are written by admitted insurers, as opposed to Surplus Lines companies or Citizens Property Insurance Corporation.
Florida’s Insurance Commissioner Provides Update on Continued …
2024年10月10日 · Florida’s strengthening market is reinforced in recent rate filings, increased participation in the Citizens Property Insurance Corporation (Citizens) Depopulation Program, reduced reinsurance costs, and more carriers announcing their commitment to …
Global Insurance Report 2025: The pursuit of growth - McKinsey …
2024年11月19日 · Personal P&C: Opportunities amid challenges. While personal lines P&C insurance premiums grew by 9.5 percent in 2022–23 to $1.1 trillion—outpacing nominal global GDP by half a percentage point 1 Global 2023 GDP and premiums were calculated assuming fixed 2022 exchange rates (to convert GDP and premiums from local currencies to US dollars) for the purposes of measuring increases in ...
Florida Insurance Market: Survey Reveals Most Pressing Industry …
More than 50 executives responded, with most representing insurance carriers (46%), followed by reinsurers (15%), service providers (15%), and a mix of MGAs and MGUs reinsurance and insurance brokers.