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The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance
It's rare for a property insurance company to emerge from an orderly runoff and re-enter the marketplace as a going concern. In fact, it has never
Updated 2 hours ago Floridaâs property insurance market posted one of its worst financial performances in 2020, even without a hurricane making landfall in the Sunshine State, and policyholders are starting to pay the price. Experts say there is no quick fix to the challenges buffeting the industry. Fifty-six Florida insurers reported a combined $1.57 billion in underwriting losses, according to financial data obtained by the Tampa Bay Times, spending more on claims and expenses than they brought in through premiums. The figure marks the industryâs fifth consecutive year of losses i...