WPTV

WEST PALM BEACH, Fla. — WPTV hasn't stopped covering the latest news on Florida's insurance coverage collapse.

This week, we found out the state's insurance companies are achieving some sizable profits.

According to ratings firm AM Best , 45 insurers posted combined profits of $207 million last year compared to a loss of $174 million in 2023.

The report said this was the first time in eight years that insurers showed profitability — a turnaround driven by reforms, new competition and years of rising premiums.

"The one thing we've been saying for years now is the Florida insurance crisis is primarily about insurance companies making money and crying poverty," Doug Quinn of the American Policyholder Association told WPTV this week.

Quinn spoke with us after documents filed

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