News

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.