Florida Insurance Costs Drop 14.5% After Major Reforms, New Report Finds
Florida’s sweeping 2022 and 2023 legislative reforms are doing more than calming the state’s turbulent insurance market—they’re reshaping the economic landscape. According to a powerful new analysis from the Perryman Group, property‑casualty insurance costs in Florida are now 14.5% lower than they would have been without the reforms.
The update arrives after years of soaring premiums, insurer failures, and widespread concern that the state’s insurance market was reaching a breaking point. Now, the numbers reveal something Floridians haven’t seen in years: real relief.
Billions Flowing Back Into Florida’s Economy
The Perryman Group—a respected, non-partisan economic research firm—reports that the insurance cost reductions are responsible for generating more than $4.2 billion in economic activity statewide. Even more striking: over 29,000 new jobs have been created as a result.
“Florida’s tort reforms are achieving exactly what policymakers intended,” said Stef Zielezienski, executive vice president and chief legal officer for the American Property Casualty Insurance Association. According to APCIA, the reforms have eased excessive litigation pressures, encouraged insurers to re-enter the market, and slowed the once‑explosive rise of premiums for consumers and businesses alike.
Premiums Finally Cooling After Years of Increases
Fresh data from the Florida Office of Insurance Regulation adds even more support. Among the 16 largest property insurers in the state, average residential premiums rose less than 1% in 2025—an astonishing improvement compared to the back‑to‑back years of double‑digit increases.
Even better: ten of those carriers actually lowered their premiums last year, with reductions as significant as 11%. After a decade of turbulence, this marks a notable step toward true market stability.
Lower insurance costs affect far more than homeowners. They ripple outward—boosting commercial development, empowering small businesses, and strengthening long‑term economic health across Florida.
For professionals in industries like insurance, real estate, finance, and beyond, understanding these shifts is essential. Schools such as Cameron Academy play a pivotal role by helping Florida professionals stay educated, licensed, and prepared for rapid changes in the market.
As the Perryman analysis highlights, these benefits are expected to grow exponentially over time, supporting a stable legal environment and fueling sustainable statewide economic expansion.
More Articles
Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!
Florida’s insurance market is under intense pressure as millions of residents and trillions in property wealth cluster along hurricane‑vulnerable coastlines. This article breaks down how decades of growth in high‑risk zones created today’s crisis, why traditional pricing models can’t keep up, and what real estate and insurance professionals must do to stay ahead. It offers actionable insights on underwriting, risk communication, policy partnerships, and resilience planning—critical knowledge for anyone advising Florida homeowners or navigating the state’s evolving insurance landscape.
Florida’s homeowners insurance market may have stabilized, but not in the way residents hoped. After years of runaway increases, premiums have stopped spiking—but they’re holding at painfully high levels. Coastal properties remain the hardest hit, with some policies topping $15,000 a year, while insurers continue demanding costly upgrades and resisting calls for transparency. For real estate professionals, understanding these pricing pressures is becoming essential as insurance costs increasingly shape buyer decisions across the state.
Florida homeowners face soaring premiums, shrinking insurer options, and storms that grow stronger each year. This article breaks down what hurricane insurance actually covers, how deductibles really work, why flood insurance is essential, and what professionals in real estate, mortgage, and insurance must understand to protect clients and properties before the next major storm hits.
Teresa King Kinney, one of the most influential executives in modern real estate, is retiring after 33 years as CEO of the MIAMI Association of Realtors. Under her leadership, the organization grew from 5,000 members to 60,000, became a global real estate powerhouse, and built the nation’s largest association‑owned MLS. As she transitions into CEO Emeritus, MIAMI prepares for a new era shaped by the foundation she spent decades building.
Miami’s commercial property market is heating up again, posting an 11% jump in investment volume for 2025. The surge is driven largely by a revitalized retail sector fueled by population growth, strong tourism, and new mixed‑use development. While office and industrial activity remains steady but softer, investor confidence is returning as Miami’s CRE landscape matures and buyers re‑enter the market with renewed interest in high‑traffic retail opportunities.
The Federal Reserve is preparing major changes to mortgage regulations in an effort to pull more mortgage activity back into the banking sector. With banks losing significant market share to nonbank lenders over the past decade, Fed Vice Chair for Supervision Michelle Bowman says new proposals may ease capital requirements and make mortgage servicing more attractive for banks. These shifts could have wide‑ranging effects on real estate professionals, lenders, and borrowers as the balance of power in the mortgage market begins to shift once again.
