Commentary: Sans storms, Florida property insurance market continues to stabilize

The Florida property insurance market is starting to benefit from the recent enactment of reforms addressing the rising costs of property insurance and an eight-year span without a major hurricane hitting the state.

Concrete evidence that the insurance market is moving in the right direction was noted just a month ago when Florida Insurance Commissioner Keven McCarty released a report to Chief Financial Officer Jeff Atwater that showed homeowners insurance rates are starting to stabilize and may continue to do so for the near future if storms continue to bypass Florida and fraud does not escalate.

Entire Commentary: .pdf | Donovan Brown – Palm Beach Post