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It’s Time to Roll up Our Sleeves and Rebuild the Florida Insurance Market

May 10, 2023

With the Florida legislative changes passed in December – prohibiting assignments of benefits and one-way attorney fees – there is now an opportunity to change the dynamic in Florida and create a more stable market.

Historically, the main tools to promote stability were rates and coverage, but they did not change the result in recent years. It is unrealistic to think that homeowner rates and reinsurance rates would decrease unless carriers begin posting better results.

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