Triple-I: Florida insurance survey misses ‘vastly improved’ market

The Insurance Information Institute (Triple-I) has pushed back against a recent University of North Florida poll that indicated a majority of Florida homeowners feel the property insurance market is not improving. Industry experts argue that this sentiment fails to capture the significant stabilization and growth in private-market capacity that has occurred over the past year.

For landlords and property managers, this discrepancy between public perception and market reality is critical. While many residents remain wary due to years of insurance turmoil, the influx of private insurers suggests a more competitive landscape for commercial and residential property owners seeking coverage.

Industry leaders emphasize that the market is in a much healthier state than it was during the height of the crisis. Property owners are encouraged to look beyond general sentiment and consult with brokers to explore the expanding options now available in the private sector.