Market

OIR updates on Florida’s strengthening property insurance market

TALLAHASSEE, Fla. - The Florida Office of Insurance Regulation (OIR) issued an update on the continued strengthening of Florida’s property and casualty insurance market, including that property insurance rate filings for 2024 show a downward trend for the first time in years, indicating the continued stabilization of the property insurance market.

Efforts to stabilize insurance market highlighted

TALLAHASSEE, Fla. - Today, Florida Office of Insurance Regulation (OIR) Commissioner Michael Yaworsky highlighted accomplishments made in 2023 to promote a stable and competitive insurance market for Florida’s policyholders.

Commissioner Yaworsky was nominated by Governor DeSantis in February to serve as Insurance Commissioner and was formally appointed by the Financial Services Commission, comprised of the Governor, Attorney General Ashley Moody, Chief Financial Officer Jimmy Patronis, and Commissioner of Agriculture Wilton Simpson in March.