Economy
Governor Ron DeSantis Enacts Florida Property Insurance Stabilization Reform
Legislative package curbing frivolous litigation attracts five new regional insurers into Florida residential market.
Choseno Civic News Desk August 13, 2026 1 min read FL, US
★ Choseno Civic Briefing
TALLAHASSEE, Fla. — Governor Ron DeSantis signed comprehensive insurance market stabilization legislation, detailing regulatory reforms that have reduced lawsuit abuse and led multiple national carriers to enter Florida's home insurance market.
Restoring Market Competition
The reforms strengthen the Florida Optional Reinsurance Assistance program and require expedited claim determinations following hurricane events.
"We took decisive action to stabilize our property insurance market, stop fraudulent litigation, and create competitive options for Florida homeowners," Governor DeSantis stated in Tallahassee.
Policyholder Protections
State insurance regulators confirmed that rate filing increases have moderated significantly compared to previous seasons.
Topics
Ron DeSantisFloridaInsuranceEconomyTallahassee
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