Overview
- At a two-day Tallahassee summit that wrapped up Thursday, Insurance Commissioner Mike Yaworsky said Florida’s home and auto markets are steadying and he gave recent reforms a B grade.
- Yaworsky urged homeowners to call their agents and shop for coverage now, saying more insurers are writing policies and some rates have started to hold flat or tick down.
- He said the state will push for clearer breakdowns of insurer spending on reinsurance and claims and will press carriers to reflect stronger building codes in prices.
- Yaworsky cited Hurricane Milton as proof codes matter, noting losses came in near $6 billion after early models neared $30 billion.
- Relief remains uneven as Florida still has the nation’s highest average home premium above $8,000, South Florida stays hard to insure, some owners have dropped coverage, and expert Charles Nyce rated the market a C plus.