Florida Sees Downward Trend...And It's A Good Thing!

The Florida Office of Insurance Regulation celebrated the state’s strengthening of its property and casualty insurance market on Monday, saying some firms are lowering rates.

The “slight trend downward” is the first in “years,” the office said.

The announcement came after the agency, also known as OIR, reported that Florida saw a downward trend in property insurance rates in 2024’s filings, indicating stabilization.

It added that while 10 companies have filed for 0% increases, at least eight have filed decreases for 2024.
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Several swing-state Democrat senators recently distanced themselves on the campaign trail from President Joe Biden, fearing he will hurt their election chances as the leading Democrat on the ballot.