A recent poll by the University of North Florida showed that affordable home insurance and property insurance are the state’s top two issues.
The Florida Chamber of Commerce will highlight impactful reforms passed in 2022 aimed at stabilizing Florida’s insurance market and will convene top leaders from business, insurance, law and government to assess the current situation.
The chamber says continued signs of progress, from new carriers and lower rates to reduced litigation costs, are encouraging confidence, but cautions that Florida remains a high-risk market.
Mark Wilson, president and CEO of the Florida Chamber of Commerce, said part of the meeting’s agenda will focus on real solutions to support market stability, affordability and growth around Florida’s insurance market.
Speakers at the summit will include representatives from the insurance industry and state agencies, including Michael Jaworski, state Insurance Commissioner and Florida Department of Insurance Regulation, Tim Theriault, CEO of Citizens Property Insurance Corporation, and Gina Wilson, CEO of the Florida Hurricane Fund. Bob Ricker, executive director of the Florida Insurance Guaranty Association.
Some of the topics discussed.
Florida auto insurance market. Assessing Florida’s homeowners insurance market.
Reinsurance + risk transfer:
The future of artificial intelligence in insurance:
Florida’s “fraud”:
Medical malpractice insurance premium rate:
Commercial auto insurance:
An executive’s perspective on the Florida insurance industry:
“Over the past two-and-a-half years, we’ve seen historic insurance reform take hold and begin to benefit consumers, but it’s not over yet,” said Mark Wilson, president and CEO of the Florida Chamber of Commerce. “The Insurance Summit is a place for Florida’s leaders to come together to discuss the future of Florida’s insurance market, which protects consumers and makes Florida a great place to live, work, learn and do business.”
The summit’s agenda will address the most pressing issues shaping Florida’s insurance market, including innovations in auto insurance, reinsurance, medical malpractice, artificial intelligence, fraud prevention, resiliency and mitigation.
