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While the media continues to report record increases in insurance premiums across the state, there are signs that the market may be heading in the right direction. The Office of Insurance Regulation (OIR) recently reported that eight new property and casualty insurance carriers were approved to enter the market, while Citizens Insurance has reduced its pool of policies by nearly 275,000. On this episode, we speak again with Mark Friedlander to discuss what these and other changes mean for Florida’s fragile insurance market.
By Institute for County GovernmentWhile the media continues to report record increases in insurance premiums across the state, there are signs that the market may be heading in the right direction. The Office of Insurance Regulation (OIR) recently reported that eight new property and casualty insurance carriers were approved to enter the market, while Citizens Insurance has reduced its pool of policies by nearly 275,000. On this episode, we speak again with Mark Friedlander to discuss what these and other changes mean for Florida’s fragile insurance market.