Two years after Florida insurance reforms, the effect appears to have benefited from consumers

Two years have passed since there were major reforms on Florida insurance regulations, and the Florida Chamber of Commerce says that updates brought some stability to this industry.

The Consumer Protection Alliance issued a report saying that the rates of increase in property and cars insurance are decreased. The legislative organization advises the state to allow these changes to continue.

“The facts are completely clear – insurance prices are settled or decreased by Floridian,” said Mark Wilson, President and CEO of the Florida Chamber. “We cannot return to the days when the litigation undertaken to the highest bills for the fluorids who work hard.”

The Consumer Protection Alliance analysis shows that since the signing of the state governor, Ron Desantis, on legislation in March 2023, which canceled the risk -free litigation and other elements related to the legal battles surrounding insurance claims, there have been positive trends in prices.

According to the review, Florida obtained the lowest average average of home owners in America last year, by 1 %. This is much lower than other countries, as some have had a 22 % installment leaps. This relates to the level of increases in Florida before the approval of the new law two years ago.

The rate of increase in car insurance rates has decreased, as it decreased from about 22 % of an increase in 2023 to an increase of 0.8 % in 2025.

Florida organizers imposed more penalties on behalf of the population. The Insurance Regulation Office issued about 3 million dollars of fines against insurance companies who have participated in misconduct in the two years since the reforms.

Insurance companies adopt many repairs.

“We appreciate legislative and regulatory reforms, which we believe have settled in the Florida market, and we are inspired by our condemnation of bringing in new capital, ability and expertise to help home owners meet their property insurance needs,” said Stephen Winstein, CEO of Mangov property.

“Assuming a continuation of a stable legal and regulatory framework in the future, we can together help the Florida residents manage better hurricane volatility and risk, enhance their homes, and strengthen stronger and more sustainable societies. “