Florida Insurance Market Rebounds, But Premiums Remain High

State regulator says industry has improved, but many homeowners still struggle with steep costs.

Apr. 16, 2026 at 10:59pm

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A high-contrast black and white close-up of an intricate, industrial-looking financial document, representing the complex mechanics of the insurance industry.Florida's insurance regulator reports progress, but high premiums persist for many homeowners.Tallahassee Today

Florida's insurance commissioner says the state's property insurance market has improved dramatically from the brink of collapse a few years ago, rising from an 'F' to a 'B' grade. However, many homeowners are still facing steep premiums that don't reflect the industry's recovery.

Why it matters

Florida's insurance crisis has been a major concern for residents, with skyrocketing costs and insurers leaving the state. While the commissioner's assessment shows progress, the persistence of high premiums means the market still has work to do to provide affordable coverage for homeowners.

The details

Speaking at Florida's insurance summit in Tallahassee, the state's insurance commissioner reported that the property insurance market has improved significantly, with the industry's overall grade rising from an 'F' to a 'B'. This turnaround comes after a period of instability that saw multiple insurers exit the state, leaving many homeowners struggling to find coverage.

  • The insurance summit where the commissioner spoke took place in Tallahassee in April 2026.

The players

Florida Insurance Commissioner

The state's top insurance regulator, responsible for overseeing the property insurance market and providing updates on its health.

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What they’re saying

“The state's property insurance market has improved dramatically from the brink of collapse a few years ago.”

— Florida Insurance Commissioner

What’s next

The commissioner's office will continue to monitor the insurance market and work with insurers to further stabilize and reduce premiums for homeowners.

The takeaway

While Florida's insurance market has made significant progress, the persistence of high premiums means many homeowners are still struggling to afford coverage, underscoring the need for continued industry reforms and oversight.