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House Bill 1549 has been signed into law, officially eliminating the "diligent effort" requirement for agents placing surplus lines insurance in Florida. The bill also adds additional language to the disclosure form that must be signed by the insured before placement with a surplus lines carrier. The disclosure form will now include the language, “surplus lines insurers' policy rates and forms are not approved by any Florida regulatory agency.”

CNA Insurance Company Limited (NAIC #AA1121106) is now in compliance with Florida Statute 626.931, which governs insurer reporting requirements. As such, the company’s referral to the Florida Office of Insurance Regulation (OIR) for removal from the state’s eligibility list has been rescinded and CNA Insurance Company Limited will remain active in SLIP+.

This white paper offers a five-year view of Florida’s property insurance market with a sharp focus on the performance and trajectory of the excess & surplus (E&S) sector.

The Florida Surplus Lines Service Office (FSLSO) is issuing notice that five surplus lines insurers are currently out of compliance with Florida Statute 626.931, Agent Affidavit and Insurer Reporting Requirements. This statute requires all alien and foreign surplus lines insurers writing in Florida to file required premium reports in the form and within the timeframe set forth by the Surplus Lines Law.

Florida’s surplus lines insurance market continues to reflect signs of stabilization as we progress through the second quarter of 2025. The flattening trend observed in recent months remains consistent, underscored by a year-over-year premium decline of -6% for May. May closed with $1.9B in reported premium, a decrease from May 2024. Year-to-date premium through May reached $7.8B, reflecting a 0.6% decrease compared to the same period last year. This subtle shift continues to show a plateauing market.

The Florida Surplus Lines Service Office (FSLSO) is hosting a free online webinar next Thursday, June 5th from 2-3PM (EST). Join our Insurance Analyst Phillip Hardin for Florida Surplus Lines Insurer Reporting 101: Accurate. Timely. Compliant. This webinar covers Florida Statutes, insurer reporting requirements, SLIP+, common errors, and more! Register today and learn how you can continue to maintain compliance in Florida!

The Florida Surplus Lines Service Office (FSLSO) is hosting a free customer forum and networking opportunity on July 2, 2025 at Fleming's Prime Steakhouse - Tampa, and you're invited! Meet FSLSO staff, connect with fellow industry professionals, and enjoy a complimentary lunch while learning about the latest regulatory updates and legislative changes. We’re excited to meet you – so secure your seat today!

As of May 22, 2025, both Allied World Assurance Company Inc. and Allied World Surplus Lines Insurance Company Inc. received increased ratings of excellent to superior from AM best. Both companies were recognized for their Financial Strength Rating (FSR) and Long-Term Issue Credit Rating (ICR). The rating increases are reflected by their strong balance sheet strength, operating performance, and effective risk management. They are further supported with improved underwriting ratios and increased investment income, pointing toward an overall stable rating.

The Florida Surplus Lines Service Office (FSLSO) is hosting a free online webinar next Thursday, June 5th from 2-3PM (EST). Join our Insurance Analyst Phillip Hardin for Florida Surplus Lines Insurer Reporting 101: Accurate. Timely. Compliant. This webinar covers Florida Statutes, insurer reporting requirements, SLIP+, common errors, and more! Register today and learn how you can continue to maintain compliance in Florida!

Corrective Action Form Request | SLIP+ Tips | Upcoming Due Dates

Join us on Thursday, June 5th from 2-3PM (EST) for Florida Surplus Lines Insurer Reporting 101: Accurate. Timely. Compliant. During this free webinar our Agent and Insurer Services team will cover Florida Statutes, insurer reporting requirements, SLIP+, common errors, and more! Please join us to learn how to maintain compliance in Florida.

Following negotiations between the House and Senate in the final days of the legislative session, House Bill 1549: Financial Services has been approved and is now headed to the Governor for signature. The bill repeals the requirement for a diligent effort when placing business in the surplus lines market. Other provisions of the eligibility to export law remain unchanged.

Early 2025 Shows Plateau After Decade of Premium Growth | April Premiums Reach $1.96B Following a decade of significant premium growth that reached over $17 billion by 2024, Florida’s surplus lines market is exhibiting a plateauing trend in early 2025. Notably, April saw a 1% year-over-year decrease in premium volume, reaching $1.96 billion. Policy counts for the month stood at 145,044, a modest 1% increase compared to the previous year.

As we monitor Florida’s excess and surplus lines market data, all indications continue to show a flattening market with year-over-year growth rates in the low single digits. March premium totals neared $1.5B to close the quarter at $3.98B for the start of 2025.

• Customer Forum • Survey • Insurance Days • Compliance Review • Parametric CC • Ice Bowl

The growth that has characterized Florida’s excess and surplus lines market over the past several years appears to be leveling off, according to the latest data. After a period of steadily decreasing growth rates throughout the latter part of 2024, the market has entered a phase of noticeable plateau, culminating in a flat start to 2025.

• Payments + Affidavits Due Feb 14 • SLIP+ Info • Compliance Tips • Welcome Interns • Customer Forum • FSLSO On The Road

Florida’s surplus lines market began 2025 on a strong note, with January premiums totaling $1.36 billion, reflecting a 9% increase over January 2024. Policy submissions also saw notable growth, with 127,869 policies submitted, marking a 22% year-over-year increase.

• Winter Storm May Impact Response Times • Invoicing + Affidavit Due Feb 14 • Start the New Year Strong: Mastering Transaction in Question (TIQ) Management with SLIP+ • SLIP+ TIP: Renewals and Backouts

Florida's Excess & Surplus market closed out 2024 with premium totals of $1.0 billion for December and over $17 billion for the year. The year closed with overall growth, though December premiums showed a near-flat gain of just 0.8%. For the full year, premiums rose 11% in a year-over-year comparison, similar to previous years.