One key signal Florida homeowners are seeing some insurance relief

Full story in Axios

Florida home insurers collected more premiums than claims and expenses paid in 2024 — a rare occurrence, and even more so after three hurricanes struck the state that year.

Why it matters: Florida homeowners still face among the highest premiums in the nation, at an average of $3,815 per year.

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The latest: There are now signs of improvement, however modest.

What they’re saying: “This is great news for consumers,” says Mark Friedlander of the Insurance Information Institute.

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What’s next: Florida Peninsula Insurance, among the state’s largest home insurers, requested a statewide decrease of 8.4% in its homeowners’ premiums last week, per WFLA.

Read the full story at axios.com.