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FLORIDA WELCOMES EIGHT NEW INSURANCE COMPANIES

Florida’s property insurance market strengthens with eight new insurers approved to enter the state. This move by the Office of Insurance Regulation aims to stabilize the market, which has suffered from high rates due to insufficient competition and rising claims costs. These firms, including Ovation and Orion180, are part of a broader effort to diversify offerings and drive down costs. This strategic expansion could reshape Florida’s insurance landscape and offer homeowners more choices at lower costs. To see who is coming, Click Here.

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