Today, just four days after Hurricane Debby made landfall along the Big Bend, Florida’s Insurance Commissioner Michael Yaworsky announced several positive developments related to the state’s strengthening property insurance market. The news follows announcements by State Farm and the most recent approval of the a ninth new property insurer, Trident Reciprocal Exchange, since the state’s 2023 landmark reforms.

The Florida Office of Insurance Regulation will conduct a rate hearing to hear testimony from the Citizens Property Insurance Corporation and receive public comment on their proposed rate filings.

The Florida Office of Insurance Regulation will conduct a virtual rate hearing to hear testimony from the First Protective Insurance Company and receive public comment on their proposed rate filings.