--- title: 2024 Florida Property Insurance Market Outlook | Risk Strategies description: Explore 2024 Florida's property insurance landscape. Discover insights on tort reforms, new carriers, reinsurance, underwriting and renewal best practices. image: https://www.risk-strategies.com/hubfs/Bal-Harbour-Luxury-Condominiums-and-Palm-Trees-Flordia.jpg --- - Industries Back to Main [ Industries ](https://www.risk-strategies.com/industries) - [ Agriculture ](https://www.risk-strategies.com/industries/agriculture/) - [ Architects & Engineers ](https://www.risk-strategies.com/industries/architects-engineers) - Aviation Back to Aviation [ Aviation ](https://www.risk-strategies.com/industries/aviation) - [ Aviation Business Insurance - Manned Risk ](https://www.risk-strategies.com/industries/aviation/aviation-business-insurance) - [ Non-Owned Aviation ](https://www.risk-strategies.com/industries/aviation/non-owned-aviation) - [ Unmanned Aerial System and Drones ](https://www.risk-strategies.com/industries/aviation/unmanned-aerial-system-and-drone) - [ Cannabis ](https://www.risk-strategies.com/industries/cannabis) - Construction Back to Construction [ Construction ](https://www.risk-strategies.com/industries/construction) - [ Alternative Solutions ](https://www.risk-strategies.com/construction/alternative-solutions) - [ Financing & Pre-Construction ](https://www.risk-strategies.com/construction/financing-and-pre-construction) - [ Insurance Solutions ](https://www.risk-strategies.com/construction/insurance-solutions) - [ Risk Management ](https://www.risk-strategies.com/construction/risk-management) - [ Surety ](https://www.risk-strategies.com/construction/surety) - Dental Back to Dental [ Dental ](https://www.risk-strategies.com/dental) - [ Insurance for Dental Professionals ](https://www.risk-strategies.com/dental) - [ Dental Malpractice Insurance ](https://www.risk-strategies.com/dental-malpractice-insurance) - [ BOP Insurance - Dental Practices & DSOs ](https://www.risk-strategies.com/bop-insurance-dentists-dsos) - [ Dental School Graduates ](https://www.risk-strategies.com/malpractice-insurance-dental-school-graduates-new-dentists) - [ Dental Associates & Hygienists ](https://www.risk-strategies.com/malpractice-insurance-dental-associates-hygienists) - [ Dental Practice Owners ](https://www.risk-strategies.com/liability-insurance-dental-practice-owners) - [ Dental Service Organizations (DSOs) ](https://www.risk-strategies.com/dental-service-organizations-insurance) - Education Back to Education [ Education ](https://www.risk-strategies.com/industries/education/) - [ Employee Benefits for Education ](https://www.risk-strategies.com/industries/education/employee-benefits) - [ Property, Casualty & Liability for Education ](https://www.risk-strategies.com/industries/education/property-casualty-liability-risk-management) - Student Health & Wellness Back to Student Health & Wellness [ Student Health & Wellness ](https://www.risk-strategies.com/industries/education/student-health) - [ Student Health Brokerage and Consulting ](https://www.risk-strategies.com/industries/education/student-health-wellness-brokerage-consulting-services) - [ Student Health Plan Administration ](https://www.risk-strategies.com/industries/education/student-health-wellness-plan-administration) - [ Student Health Insurance Plans ](https://www.risk-strategies.com/industries/education/student-health-insurance) - [ Solutions for Student Athletes ](https://www.risk-strategies.com/industries/education/student-athletes) - [ Student Health & Wellness Tools ](https://www.risk-strategies.com/industries/education/student-health-wellness-tools-and-programs) - [ Special Risk Insurance ](https://www.risk-strategies.com/industries/education/special-risk-insurance-for-college-students) - Entertainment Back to Entertainment [ Entertainment ](https://www.risk-strategies.com/industries/entertainment/) - [ Film & Television ](https://www.risk-strategies.com/industries/entertainment/film-television) - [ Advertising Production Wrap Ups ](https://www.risk-strategies.com/industries/entertainment/advertising-production-wrap-ups) - [ Advertising/PR ](https://www.risk-strategies.com/industries/entertainment/media-advertising-pr) - [ Event Cancellation & Non-Appearance ](https://www.risk-strategies.com/industries/entertainment/event-cancellation-and-non-appearance) - [ Music & Touring ](https://www.risk-strategies.com/industries/entertainment/music) - [ Theatrical Production & Live Performance  ](https://www.risk-strategies.com/industries/entertainment/theatre-plays) - [ Venue Insurance ](https://www.risk-strategies.com/industries/entertainment/venue-insurance) - Financial Services Back to Financial Services [ Financial Services ](https://www.risk-strategies.com/industries/financial-services/) - [ Asset Managers ](https://www.risk-strategies.com/industries/financial-services/asset-managers) - [ Banks & Non-Bank Lending ](https://www.risk-strategies.com/industries/financial-services/banks-and-non-bank-lending) - [ Collections ](https://www.risk-strategies.com/industries/financial-services/collections) - [ Consumer Financial Services ](https://www.risk-strategies.com/industries/financial-services/consumer-financial-services) - [ Financial Tech ](https://www.risk-strategies.com/industries/financial-services/financial-tech) - [ Insurance Companies ](https://www.risk-strategies.com/industries/financial-services/insurance-companies) - Fine Art Back to Fine Art [ Fine Art ](https://www.risk-strategies.com/industries/fine-art/) - Dealers and Auction Houses Back to Dealers and Auction Houses [ Dealers and Auction Houses ](https://www.risk-strategies.com/industries/fine-art/auction-house) - [ Galleries ](https://www.risk-strategies.com/industries/fine-art/gallery) - [ Private Art Dealers ](https://www.risk-strategies.com/industries/fine-art/private-art-dealers) - Collections Back to Collections [ Collections ](https://www.risk-strategies.com/fine-art/private-collectors) - [ Private Collectors ](https://www.risk-strategies.com/private-client-services/collections/) - [ Coins, Paper Money & Numismatics Collections ](https://www.risk-strategies.com/industries/fine-art/coins-paper-money-numismatics) - [ Gold, Bullion & Precious Metal Collections ](https://www.risk-strategies.com/industries/fine-art/gold-bullion-precious-metals) - [ Artists ](https://www.risk-strategies.com/industries/fine-art/artists) - Museums and Foundations Back to Museums and Foundations [ Museums and Foundations ](https://www.risk-strategies.com/industries/fine-art/artist-endowed-foundation) - [ Museums ](https://www.risk-strategies.com/industries/fine-art/museum-insurance) - [ Fine Art Packers / Shippers / Warehouses ](https://www.risk-strategies.com/industries/fine-art/packer) - Healthcare Back to Healthcare [ Healthcare ](https://www.risk-strategies.com/industries/healthcare/) - [ Employee Benefits - Healthcare ](https://www.risk-strategies.com/industries/healthcare/benefits) - [ Managed Care / Stop Loss ](https://www.risk-strategies.com/industries/healthcare/managed-care) - [ Medical Malpractice ](https://www.risk-strategies.com/industries/healthcare/medical-malpractice) - [ Property & Casualty - Healthcare ](https://www.risk-strategies.com/industries/healthcare/property-and-casualty) - [ Reinsurance ](https://www.risk-strategies.com/industries/healthcare/reinsurance) - [ Law Firms ](https://www.risk-strategies.com/industries/law-firms) - Logistics & Transportation Back to Logistics & Transportation [ Logistics & Transportation ](https://www.risk-strategies.com/industries/logistics-transportation/) - [ Last Mile & Final Mile Delivery Insurance ](https://www.risk-strategies.com/industries/logistics-transportation/last-mile-final-mile-delivery-insurance) - [ Trucking Insurance ](https://www.risk-strategies.com/industries/logistics-transportation/trucking-insurance) - [ Intermodal Insurance ](https://www.risk-strategies.com/industries/logistics-transportation/intermodal-insurance) - [ Freight Forwarder Insurance ](https://www.risk-strategies.com/industries/logistics-transportation/freight-forwarder-insurance) - [ Freight Broker Insurance ](https://www.risk-strategies.com/industries/logistics-transportation/freight-broker-insurance) - [ Livery Insurance ](https://www.risk-strategies.com/industries/logistics-transportation/livery-insurance) - Marine & Yacht Back to Marine & Yacht [ Marine & Yacht ](https://www.risk-strategies.com/industries/marine/marine-insurance) - Yacht Insurance For Individuals Back to Yacht Insurance For Individuals [ Yacht Insurance For Individuals ](https://www.risk-strategies.com/industries/marine-yacht/individuals) - [ Mega Yachts ](https://www.risk-strategies.com/industries/marine-yacht/mega-yachts) - [ Cruiser Insurance - Jackline ](https://www.risk-strategies.com/industries/marine-yacht/jackline-program-cruising) - [ One-Design Insurance Program ](https://www.risk-strategies.com/industries/marine-yacht/one-design-insurance-program) - [ Sailors Health Insurance Program ](https://www.risk-strategies.com/industries/marine-yacht/sailors-health-insurance-program-for-us-sailing-members) - [ US Sailing Insurance Solutions ](https://www.risk-strategies.com/industries/marine-yacht/us-sailing-programs) - Commercial Marine Insurance Back to Commercial Marine Insurance [ Commercial Marine Insurance ](https://www.risk-strategies.com/industries/marine/commerical-marine-insurance) - [ Aquaculture ](https://www.risk-strategies.com/industries/marine-yacht/aquaculture) - [ Cargo & Transit Insurance Solutions ](https://www.risk-strategies.com/industries/marine-yacht/marine-cargo-and-transit-insurance) - [ Crew Medical Insurance ](https://www.risk-strategies.com/industries/marine/crew-medical-insurance) - [ Hull & Machinery ](https://www.risk-strategies.com/industries/marine-yacht/marine-hull-and-machinery-insurance) - [ Marine Claims Service ](https://www.risk-strategies.com/industries/marine-yacht/marine-claims-support) - [ Marine Construction ](https://www.risk-strategies.com/industries/marine-yacht/marine-contractors-insurance) - [ Marine Liability ](https://www.risk-strategies.com/industries/marine-yacht/marine-liability-insurance) - [ Ports & Terminals ](https://www.risk-strategies.com/industries/marine-yacht/marine-ports-and-terminals-insurance) - [ Protection & Indemnity ](https://www.risk-strategies.com/industries/marine-yacht/marine-protection-and-indemnity-insurance) - [ Recreational Marine Businesses ](https://www.risk-strategies.com/industries/marine-yacht/marine-businesses) - [ Sailing Organizations – Burgee Program ](https://www.risk-strategies.com/industries/marine-yacht/sailing-organizations-burgee-program) - [ Nonprofit & Human Services ](https://www.risk-strategies.com/industries/nonprofit/) - Private Equity Back to Private Equity [ Private Equity ](https://www.risk-strategies.com/industries/private-equity) - [ Crypto Companies ](https://www.risk-strategies.com/industries/private-equity/crypto-companies) - Public Sector Back to Public Sector [ Public Sector ](https://www.risk-strategies.com/industries/public-sector) - [ Public Safety Organizations & Municipalities ](https://www.risk-strategies.com/industries/public-sector/public-safety-and-municipalities) - Real Estate Back to Real Estate [ Real Estate ](https://www.risk-strategies.com/industries/real-estate) - [ Commercial ](https://www.risk-strategies.com/industries/real-estate/commercial-real-estate) - [ Community Associations ](https://www.risk-strategies.com/industries/real-estate/community-associations) - [ Hospitality ](https://www.risk-strategies.com/industries/real-estate/hospitality) - [ Residential / Habitational ](https://www.risk-strategies.com/industries/real-estate/residential-habitational) - [ REITs ](https://www.risk-strategies.com/industries/real-estate/reits) - [ Retail ](https://www.risk-strategies.com/industries/real-estate/retail) - [ Specialty Programs ](https://www.risk-strategies.com/industries/real-estate/specialty-programs) - Relocation Back to Relocation [ Relocation ](https://www.risk-strategies.com/industries/relocation) - [ Domestic Household Goods ](https://www.risk-strategies.com/industries/relocation/domestic-household-goods) - [ Expat Renters & Living Insurance ](https://www.risk-strategies.com/industries/relocation/expatriate-renters-liability) - [ Relocation Claims Service ](https://www.risk-strategies.com/industries/relocation/household-goods-claims-administration) - [ International Household Goods ](https://www.risk-strategies.com/industries/relocation/international-household-goods) - [ Supplemental Movers Coverage ](https://www.risk-strategies.com/industries/relocation/supplemental-movers-coverage) - [ Temporary Living Insurance ](https://www.risk-strategies.com/industries/relocation/temporary-renters) - [ Vacant Home ](https://www.risk-strategies.com/industries/relocation/vacant-home) - [ Waste & Recycling ](https://www.risk-strategies.com/industries/waste-and-recycling) - Wineries & Vineyards Back to Wineries & Vineyards [ Wineries & Vineyards ](https://www.risk-strategies.com/industries/wineries-vineyards) - [ Vineyard Insurance ](https://www.risk-strategies.com/industries/wineries-vineyards/vineyard-insurance) - [ Winery & Hospitality Insurance ](https://www.risk-strategies.com/wineries-vineyards/winery-insurance-hospitality) - [ Personal Lines Insurance - Winery Owners ](https://www.risk-strategies.com/industries/wineries-vineyards/personal-lines-insurance-winery-owners) - Solutions Back to Main [ Solutions ](https://www.risk-strategies.com/solutions) - Commercial Insurance Back to Commercial Insurance [ Commercial Insurance ](https://www.risk-strategies.com/business-insurance/) - [ Captives ](https://www.risk-strategies.com/business-insurance/captives) - Casualty Back to Casualty [ Casualty ](https://www.risk-strategies.com/business-insurance/casualty) - [ Analytics ](https://www.risk-strategies.com/business-insurance/casualty/analytics) - [ Auto Liability & Physical Damage ](https://www.risk-strategies.com/business-insurance/casualty/auto-liability-and-physical-damage) - [ Captives & Alternative Risk Financing ](https://www.risk-strategies.com/business-insurance/casualty/captives-and-alternatives-risk-financing) - [ Claims Advocacy & Loss Control ](https://www.risk-strategies.com/business-insurance/casualty/claims-advocacy-and-loss-control) - [ Excess Liability ](https://www.risk-strategies.com/business-insurance/casualty/excess-liability) - [ General Liability ](https://www.risk-strategies.com/business-insurance/casualty/general-liability) - [ Product Recall ](https://www.risk-strategies.com/business-insurance/casualty/product-recall) - [ Workers' Compensation ](https://www.risk-strategies.com/business-insurance/casualty/workers-compensation) - Cyber Back to Cyber [ Cyber ](https://www.risk-strategies.com/business-insurance/cyber-risk) - [ Cyber Resolute ](https://www.risk-strategies.com/cyber-resolute) - [ Cyber Risk Assessment and Analytics ](https://www.risk-strategies.com/cyber-risk-assessment-and-analytics) - [ Cyber Risk Response & Claims Advocacy ](https://www.risk-strategies.com/cyber/dedicated-cyber-risk-response-and-claims-advocacy) - [ Cyber Insurance - Family Office ](https://www.risk-strategies.com/private-client-services/cyber-insurance-family-office) - [ Cyber Insurance - Individuals ](https://www.risk-strategies.com/private-client-services/cyber-insurance-for-individuals-families) - Environmental Back to Environmental [ Environmental ](https://www.risk-strategies.com/business-insurance/environmental) - [ Contractors Pollution Liability ](https://www.risk-strategies.com/environmental/contractors-pollution) - [ Environmental Excess ](https://www.risk-strategies.com/environmental/environmental-excess) - [ Environmental Liability Transfer ](https://www.risk-strategies.com/environmental-liability-transfer) - [ Environmental Liability - Healthcare ](https://www.risk-strategies.com/environmental/healthcare) - [ Environmental Liability - Higher Education ](https://www.risk-strategies.com/environmental/higher-education) - [ Pollution Legal Liability ](https://www.risk-strategies.com/environmental/pollution-legal-liability) - [ Environmental Liability - Private Equity ](https://www.risk-strategies.com/environmental/private-equity) - [ Professional Environmental Liability Insurance ](https://www.risk-strategies.com/environmental/professional-environmental-liability-insurance) - [ Real Estate Development ](https://www.risk-strategies.com/environmental/real-estate-development) - [ Remediation Cost Cap ](https://www.risk-strategies.com/environmental/remediation-cost-cap) - [ Secured Creditor Protection for Lenders ](https://www.risk-strategies.com/environmental/secured-creditor-protection-for-lenders) - [ Underground Storage Tanks ](https://www.risk-strategies.com/environmental/underground-storage-tanks) - Executive Risk Solutions Back to Executive Risk Solutions [ Executive Risk Solutions ](https://www.risk-strategies.com/business-insurance/executive-risk-management-solutions) - [ Executive Risk Solutions - Entertainment ](https://www.risk-strategies.com/business-insurance/management-liability/entertainment-industry) - [ Executive Risk Solutions - Financial Institutions ](https://www.risk-strategies.com/business-insurance/management-liability/financial-institutions) - [ Executive Risk Solutions - Healthcare ](https://www.risk-strategies.com/business-insurance/management-liability/healthcare-industry) - [ Executive Risk Solutions - Real Estate ](https://www.risk-strategies.com/business-insurance/management-liability/real-estate-industry) - [ International ](https://www.risk-strategies.com/business-insurance/international) - Property Back to Property [ Property ](https://www.risk-strategies.com/business-insurance/property) - [ Builder's Risk ](https://www.risk-strategies.com/business-insurance/builders-risk) - [ Property Claims Services ](https://www.risk-strategies.com/business-insurance/property/claims-services) - [ Inland Transit and Ocean Cargo ](https://www.risk-strategies.com/business-insurance/inland-and-ocean-marine) - [ Natural Hazard Catastrophe Modeling ](https://www.risk-strategies.com/business-insurance/property/natural-catastrophe-modelling-and-solutions) - [ Political Violence and Terrorism ](https://www.risk-strategies.com/business-insurance/political-violence-and-terrorism) - [ Property Damage & Business Interruptions Valuations ](https://www.risk-strategies.com/business-insurance/property/property-damage-and-business-interruptions-valuation) - [ Property Loss Prevention and Control ](https://www.risk-strategies.com/business-insurance/property-loss-prevention-and-control-services) - [ Surety ](https://us.bbrown.com/business-insurance/surety) - Employee Benefits Back to Employee Benefits [ Employee Benefits ](https://www.risk-strategies.com/employee-benefits/) - [ Employee Benefits Overview ](https://www.risk-strategies.com/employee-benefits/) - [ Benefit Administration and Technology ](https://www.risk-strategies.com/employee-benefits/benefit-administration-technology) - [ Benefits Compliance Support ](https://www.risk-strategies.com/employee-benefits/benefits-compliance-support) - [ Data & Analytics ](https://www.risk-strategies.com/employee-benefits/data-and-analytics) - [ Human Capital Advisory Services ](https://us.bbrown.com/employee-benefits/human-capital-advisory-services) - [ International Benefits ](https://www.risk-strategies.com/employee-benefits/international-benefits) - [ Absence Management & Ancillary Programs ](https://www.risk-strategies.com/employee-benefits/absence-management-and-ancillary-program) - [ Medicare ](https://www.risk-strategies.com/medicare) - [ Voluntary & Lifestyle Benefits ](https://www.risk-strategies.com/employee-benefits/voluntary-and-lifestyle-benefits) - [ Wellness & Well-Being Solutions ](https://www.risk-strategies.com/employee-benefits/wellness-well-being-solutions) - Financial & Wealth Back to Financial & Wealth [ Financial & Wealth ](https://www.risk-strategies.com/financial-wealth/) - [ Financial & Wealth Overview ](https://www.risk-strategies.com/financial-wealth/) - [ Retirement Plan Services ](https://www.risk-strategies.com/financial-wealth/retirement-plan-services) - [ Executive Benefits ](https://www.risk-strategies.com/financial-wealth/executive-benefits) - [ Life Insurance ](https://www.risk-strategies.com/financial-wealth/life-insurance) - Private Client Services Back to Private Client Services [ Private Client Services ](https://us.bbrown.com/private-client-services) - [ Private Client Services Overview ](https://us.bbrown.com/private-client-services) - [ Homeowners ](https://www.risk-strategies.com/private-client-services/home-estate/) - [ Flood ](https://www.risk-strategies.com/private-client-services/flood-insurance) - [ Collections ](https://www.risk-strategies.com/private-client-services/collections/) - [ Umbrella & Excess Liability ](https://www.risk-strategies.com/private-client-services/umbrella-excess-liability) - [ Auto ](https://www.risk-strategies.com/private-client-services/auto) - [ Collector & Exotic Car ](https://www.risk-strategies.com/collector-car-insurance) - [ Boat & Yacht ](https://www.risk-strategies.com/private-client-services/marine-yacht/individuals) - [ Travel Medical & Trip Insurance ](https://www.risk-strategies.com/travel-medical-and-trip-insurance) - [ Family Office ](https://www.risk-strategies.com/private-client-services/family-office) - [ Cyber Insurance - Family Office ](https://www.risk-strategies.com/private-client-services/cyber-insurance-family-office) - [ Cyber Insurance - Individuals ](https://www.risk-strategies.com/private-client-services/cyber-insurance-for-individuals-families) - [ Life Insurance ](https://www.risk-strategies.com/financial-wealth/life-insurance) - [ Specialty Coverages ](https://www.risk-strategies.com/private-client-services/specialty-coverages/) - [ Private Client Risk Resource Center ](https://www.risk-strategies.com/privateclientresources) - [ Reinsurance ](https://www.risk-strategies.com/industries/healthcare/reinsurance) - Risk Management Services Back to Risk Management Services [ Risk Management Services ](https://us.bbrown.com/risk-management-services/) - [ Risk Management Services Overview ](https://us.bbrown.com/risk-management-services/) - [ Analytics ](https://www.risk-strategies.com/risk-management-services/analytics/) - [ Claims Management & Advocacy ](https://www.risk-strategies.com/risk-management-services/claims/) - [ Loss Control ](https://www.risk-strategies.com/risk-management-services/loss-control/) - [ Safety Consulting Services ](https://www.risk-strategies.com/industries/risk-management/safety-services) - [ Pro Safety Training Courses ](https://www.risk-strategies.com/pro-safety-training-course-catalog) - [ Workers’ Comp: Premium Review & Recovery ](https://www.risk-strategies.com/workers-comp-insurance-premium-review-recovery) - Consulting Back to Main [ Consulting ](https://www.risk-strategies.com/consulting) - [ Consulting Overview ](https://www.risk-strategies.com/consulting) - [ Actuarial Services ](https://www.risk-strategies.com/actuarial-services) - [ Healthcare Claim Audit Services ](https://www.risk-strategies.com/benefit-audit-services) - [ Health and Welfare ](https://www.risk-strategies.com/health-and-welfare-consulting) - 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You are leaving risk-strategies.com By accessing this link, you will be leaving Risk Strategies website and entering a website hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of Risk Strategies website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Risk Strategies. OK Cancel [![Connect with Our Team](https://no-cache.hubspot.com/cta/default/20256628/f1d83adb-981f-4b85-93a6-7a46077d7309.png)](https://cta-redirect.hubspot.com/cta/redirect/20256628/f1d83adb-981f-4b85-93a6-7a46077d7309) January 09, 2024 # 2024 Florida Property Insurance Market Outlook [ Property ](https://www.risk-strategies.com/blog/tag/property) 3 min read [ Scott Popilek, Atlantic Regional Leader ](https://www.risk-strategies.com/blog/author/scott-popilek-atlantic-regional-leader) - [Facebook ](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.risk-strategies.com%2Fblog%2F2024-florida-property-insurance-market-outlook) - [X (Twitter) ](https://x.com/intent/post?url=https%3A%2F%2Fwww.risk-strategies.com%2Fblog%2F2024-florida-property-insurance-market-outlook&text=2024+Florida+Property+Insurance+Market+Outlook) - [LinkedIn ](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.risk-strategies.com%2Fblog%2F2024-florida-property-insurance-market-outlook&title=2024%20Florida%20Property%20Insurance%20Market%20Outlook&summary=Explore+2024+Florida%27s+property+insurance+landscape.+Discover+insights+on+tort+reforms%2C+new+carriers%2C+reinsurance%2C+underwriting+and+renewal+best+practices.&source=) - [Email ](mailto:?subject=2024%20Florida%20Property%20Insurance%20Market%20Outlook&body=https%3A%2F%2Fwww.risk-strategies.com%2Fblog%2F2024-florida-property-insurance-market-outlook) ![2024 Florida Property Insurance Market Outlook | Risk Strategies](https://www.risk-strategies.com/hs-fs/hubfs/Bal-Harbour-Luxury-Condominiums-and-Palm-Trees-Flordia.jpg?width=640&height=300&name=Bal-Harbour-Luxury-Condominiums-and-Palm-Trees-Flordia.jpg) - [Facebook ](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.risk-strategies.com%2Fblog%2F2024-florida-property-insurance-market-outlook) - [X (Twitter) ](https://x.com/intent/post?url=https%3A%2F%2Fwww.risk-strategies.com%2Fblog%2F2024-florida-property-insurance-market-outlook&text=2024+Florida+Property+Insurance+Market+Outlook) - [LinkedIn ](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.risk-strategies.com%2Fblog%2F2024-florida-property-insurance-market-outlook&title=2024%20Florida%20Property%20Insurance%20Market%20Outlook&summary=Explore+2024+Florida%27s+property+insurance+landscape.+Discover+insights+on+tort+reforms%2C+new+carriers%2C+reinsurance%2C+underwriting+and+renewal+best+practices.&source=) - [Email ](mailto:?subject=2024%20Florida%20Property%20Insurance%20Market%20Outlook&body=https%3A%2F%2Fwww.risk-strategies.com%2Fblog%2F2024-florida-property-insurance-market-outlook) As 2023 recedes into the past, we’re left to contemplate whether 2024 will be the year for an insurance market recovery in Florida. Much will, of course, depend on what the weather and this year’s storm season brings, but signs are positive and point toward stabilization, at the least. Let’s dive a bit deeper into what is meant by stabilization. ## Tort-Reform In March, House Bill 837 became law, implementing the most comprehensive tort reform in Florida’s history. Industry expert statements that the reform is positively affecting litigation costs are seemingly supported by an influx of new carriers and capacity to Florida interested in writing Property.  Also, the recent [Property Insurance Stability report](https://floir.com/docs-sf/default-source/property-and-casualty/stability-unit-reports/january-2024-isu-report_final.pdf?sfvrsn=7b9dee69_4) issued by the Office of Insurance regulation in Florida also shows significant decreases in litigation post HB-837 becoming effective. ## More Insurance Carriers We are seeing both new insurance carriers being formed as well as carriers coming back to Florida. Many of the carriers are focused on homeowners’ insurance and on opportunities available with [Citizens Insurance Company](https://www.citizensfla.com/) as it seeks to move people off its rolls. Two of the new carriers are [Tailrow Insurance](https://www.reinsurancene.ws/hci-launching-tailrow-as-florida-homeowners-insurance-startup/), approved in April, and [MainSail Insurance](https://www.mainsailinsurancegroup.com/), approved in August. ## Increasing Capacity Some carriers are opening for new business as well as increasing the amount of coverage they’re willing to offer on a specific property. This is happening for both homes and commercial risks. ## Reinsurance Much of what we are seeing in the prior two points is being driven by insurers having access to more reinsurance capacity. Although attachments points (the loss level above which reinsurers will pay for the excess) and the cost of reinsurance are still high, we are seeing more reinsurer capacity enter the marketplace and expect continued positive momentum through the mid-year 2024 renewals. On December 31st, reinsurance capital was approaching $650 billion, just off the industry’s all-time high of $675 billion at the end of 2021. ## Underwriting Carriers will continue to be very diligent in their underwriting throughout 2024. Consequently, risks with better underwriting characteristics will fare better in terms of availability and cost of coverage. ## Citizens Insurance Company Citizens will continue to play a vital role throughout 2024. It continues to offer coverage priced well under the private marketplace. This dynamic will result in the continued flow of higher valued commercial properties moving to Citizens. On the flip side, with new carriers coming into the marketplace and the increased interest in Citizen’s residential home market we could see a reduction in its policy count for homes. ## Accessibility to affordable insurance in Florida Even with all the positives noted above, Florida is still facing an affordability crisis for many who have or are seeking insurance. This year’s Florida legislative sessions should see a lot of focus on addressing this issue with a likely centering of immediate cost reduction solutions as well as getting reinsurers to drop their attachment points lower assuming more primary risk from insurance carriers.  ## 2024 PROPERTY Insurance Renewal Best Practices  For those facing property insurance renewals in 2024, here are some renewal best practices from our Real Estate team to ensure your submission gets priority from underwriters: - Ensure construction data provided is accurate and comprehensive. - Ensure values are at acceptable levels. It is always smart to periodically get a replacement cost valuation done and include it in your renewal discussions. - Understand your tolerance for risk assumption. Creativity on deductibles can create more cost efficiency in your placement and create more competition with carriers. - Catastrophe Modeling – Helps insureds understand their loss exposure to catastrophic events and what limit of insurance they should buy. - Deal with a broker that has specific expertise in placing coverage for property owners in catastrophic exposed areas, like Florida. For those wanting to learn more about how to drive the best renewal for your Florida property, [contact Risk Strategies Business Insurance Team](https://www.risk-strategies.com/lets-talk/business-insurance) today to learn more. The contents of this article are for general informational purposes only and Risk Strategies Company makes no representation or warranty of any kind, express or implied, regarding the accuracy or completeness of any information contained herein. Any recommendations contained herein are intended to provide insight based on currently available information for consideration and should be vetted against applicable legal and business needs before application to a specific client.  [Subscribe](https://www.risk-strategies.com/blog/2024-florida-property-insurance-market-outlook#subscribe) ### Subscribe via Email property ### Related Posts [See all posts](https://www.risk-strategies.com/blog) ![](https://www.risk-strategies.com/hs-fs/hubfs/Aerial-View-of-Crossroad-and-City-Traffic-at-Night.jpg?width=450&height=250&name=Aerial-View-of-Crossroad-and-City-Traffic-at-Night.jpg) [ Property ](https://www.risk-strategies.com/blog/tag/property) [ Future of Risk ](https://www.risk-strategies.com/blog/tag/future-of-risk) 5 min read November 18, 2025 #### [ The Future of Risk: How Parametric Insurance Helps You Withstand Systemic Risks ](https://www.risk-strategies.com/blog/the-future-of-risk-parametric-insurance-for-systemic-risk-resilience) Editor’s note: This article is the sixth installment in the 2025 Future of Risk series, which … [ Read article ](https://www.risk-strategies.com/blog/the-future-of-risk-parametric-insurance-for-systemic-risk-resilience)