Keep pulling the thread on Ron DeSantis.
Florida Governor Ron DeSantis announced a major statewide insurance rate relief program.
Most policyholders of Citizens Property Insurance will see a premium reduction at renewal starting in spring 2026.
The average insurance premium for Citizens Property Insurance policyholders in Florida is expected to decrease by approximately 8% statewide.
Since recent legal and insurance reforms were passed in Florida, 17 new insurance companies have entered the state's market.
The recently announced insurance rate relief in Florida is a direct result of insurance and legal reforms passed in the state over the last few years.
Over 330,000 homeowners across 67 counties in Florida will see lower insurance premiums.
More than 150,000 homeowners in Florida will see their insurance premiums reduced by 10% or more.
The average insurance premium reduction in Broward County, Florida is projected to be 14%.
The average insurance premium reduction in Miami, Florida is projected to be approximately 14%.
The average insurance premium reduction in Palm Beach County, Florida is projected to be 12%.
The average insurance premium reduction in Monroe County, Florida is projected to be over 11%.
Reductions in Florida's insurance premiums are attributed to factors including a major drop in insurance-related lawsuits, the elimination of abusive legal practices, and lower reinsurance costs.