The Florida Office of Insurance Regulation (OIR) announced several positive developments in the state's property insurance market, including the approval of Trident Reciprocal Exchange as the ninth new insurer since the 2023 reforms. National carriers are also increasing their presence in Florida, even as they scale back operations in other regions.

The Florida Office of Insurance Regulation released a statement by Insurance Commissioner Michael Yaworsky in support of Gov. Ron DeSantis' 2024-2025 Focus on Florida's Future budget. The governor signed the $116.5 billion budget earlier this month.