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Florida insurance market continues to strengthen following impactful legislation: OIR

April 4, 2024

The Florida insurance market continues to strengthen, showing signs that recent legislation is having positive impacts on the property insurance market, according to the state’s Insurance Commissioner Michael Yaworsky.

Yaworsky’s comments stem from the Florida Office of Insurance Regulation’s (OIR) update on the state’s property and casualty insurance market.

As per the OIR, following the recent “historic legislative reforms” designed to promote market stability, eight property and casualty insurers were approved to enter Florida’s insurance market.

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