Nearly $943 million in surplus lines premium was reported in November, a 22% increase over November 2022. View the Monthly Premium Report for more details.

Want more stats? Check out Florida Market Data on FSLSO.com.

• To prepare, review your SLIP account to confirm everything is in order and filed by December 31.
• Don’t forget to consult your Compliance Checkup dashboard for other unresolved issues. 

Pay close attention to outstanding TIQs, namely URP (Unbalanced Returned Premium) and URF (Unbalanced Returned Policy Fees). If URP or URF TIQs are not cleared by December 31, credits will not be processed to your account. 

TSR Predicts “Very Active” 2024 Atlantic Hurricane Season

The first of the long-range forecasts for the 2024 Atlantic hurricane season has now been published and the team at Tropical Storm Risk (TSR) anticipate activity 30% above the near and 50% above the long-term norms.

US P&C Insurers to See Some Relief in 2024 

US property and casualty (P&C) insurers are poised to see some relief in 2024, according to new analysis by Fitch Ratings.

Citizens Continues to Add More Policies, as Many Policies Move Into Private Sector

The state’s Citizens Property Insurance Corp. added more than 5,000 policies last week, though it could be poised to see a chunk of policies move into the private market.

Bipartisan Lawmakers Seek to Cut Condo Insurance Costs Through Valuation Pilot Program

In a bipartisan move, Florida lawmakers have introduced legislation that seeks to establish a Condominium Windstorm Pilot Program, which would provide a new insurance option for condominium associations.

Florida Insurers Navigate 2023 Successes Amidst 2024 Uncertainty

Florida’s homeowner insurers have experienced a positive turn of events in 2023, benefiting from a milder hurricane season and groundbreaking legislative reforms, according to KBRA.