Two new property insurers received approval to operate in Florida this year, according to recent filings, showing that the state is solidly recovering from the crisis that nearly caused its private market to collapse.

Viceroy Preferred Insurance and Vision Insurance Exchange marked the 15th and 16th private insurers to enter the Florida property insurance market since state lawmakers introduced sweeping tort reform in 2022 and 2023, addressing excessive litigation and widespread fraud.

What Is Behind the Florida Property Insurance Market's Comeback?

A little over three years ago, Florida's property insurance sector was in the midst of a deep crisis caused by more frequent and more severe natural disasters, fraud, and unnecessary litigation disincentivizing carriers from operating in the

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