Florida’s personal property insurance market sees first underwriting profit in eight years: AM Best

Florida carriers entered mid-year 2025 renewals from stronger footing: AM Best - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Florida’s specialist personal property insurers entered the key 2025 mid-year reinsurance renewals from a position of relative strength, following improved profitability and more favourable operating conditions, according to a new report from credit ratings agency AM Best. “Looking ahead to midyear renewals, the balance of power appe…

Florida’s personal property insurance market sees first underwriting profit in eight years: AM Best

Florida’s personal property insurance market reported a significant recovery in 2024, posting its first underwriting profit after eight consecutive years of losses, according to a recent AM Best report. The sector also recorded a substantial increase in pre-tax operating income, reflecting a notable improvement in financial performance. The AM Best Market Segment Report, titled “Florida’s Property Insurance Market Showing Stabilisation Following…