Insurance Crunch May Be Easing

Florida’s property insurance market, long plagued by high premiums, is showing some signs of improvement, according to the state Office of Insurance Regulation. However, homeowners are still feeling the pinch as they brace for another hurricane season. Premiums continue to rise, with many residents seeing significant increases in their insurance costs. Lawmakers hope that increased competition in the market will eventually lead to more stable prices for homeowners across the state.