PIFF offers new resource covering developments in Florida’s insurance market

A new resource hub from the Personal Insurance Federation of Florida (PIFF) provides advice on changes in the insurance industry.

Both auto and property insurance markets in the state have evened out after years of wildly increasing premiums. The PIFF’s new Market Plus online resource hub documents insurance crises like large-scale natural disasters, such as hurricanes and growing litigation.

While premiums did spiral higher, things started to turn around after Gov. Ron DeSantis signed legislation in March 2023 that eliminated risk-free litigation and otherwise reduced legal battles surrounding insurance claims. PIFF says that prompted a huge impact on the insurance market.

“States across the country are watching Florida,” said Michael Carlson, President of PIFF. “The reforms are working. We must protect them, watch for emerging schemes and be ready to close the next loophole before it becomes a crisis so the markets can continue moving toward long-term health and stability for consumers.”

The PIFF’s Market Plus site is designed to provide Floridians with analysis and advisories on how to handle the insurance market. It also offers data for officials crafting public policy and for journalists covering the developments.

“We hope the Market Pulse will be a tool for policymakers, media, and stakeholders — in our own state and beyond — to explore the latest market data as well as the history of Florida’s road to reforms,” Carlson said.

Market Plus also has background material and fact checking on insurance reforms. Some of those developments include:

— Seventeen new property and casualty insurers have been approved to enter Florida’s market following the reforms.

 — Property insurance rate filings are trending downward, indicating stabilization.

 — The number of policies with Citizens Property Insurance, the state’s default coverage company for residents and business that have been dropped from or denied coverage, has declined to 336,410, a 50% reduction from the prior year and the lowest level in 14 years.

 — Lawsuits against insurers fell 25% in 2025 compared with 2024.