January 7, 2019

Banner Year for FSLSO

Florida saw a record amount of reported surplus lines premium during 2018, ending the year with over $5.8 billion submitted to FSLSO.

Compared to $5.25 billion reported during 2017, premium growth increased double digits at just under 11% over the prior year and 17.5% more than 2016. This percentage increase in premium hasn’t occurred since 2013, where premium grew over 13% from 2012.

Policy counts showed a similar increase during 2018 of over 11%, with 1,175,660 policies filed during the year compared to 1,055,747 for 2017.

Most notably, the coverage group for Homeowners (HO-1 – HO-6 & Mobile Homeowners) collectively increased 28.4% over 2017. Specifically, the following coverages grew considerably over the prior year.

Other coverages which increased significantly over 2017 were Miscellaneous Liability, which was 27% higher, and Miscellaneous Medical Professionals increased 22%.

For additional information on Florida surplus lines premium, please visit the Florida Market Data page on our website.

Florida is looking forward to continued growth in the surplus lines market during 2019.

www.fslso.com

Have questions? Contact us at 800.562.4496, option 1 or email agent.services@fslso.com.

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