Florida has never been a quiet place when it comes to insurance, but last year’s numbers felt like a jolt even by Florida standards. A 3.35% non-renewal rate may look small on paper, but in a state with millions of policies, that percentage translates into hundreds of thousands of homeowners suddenly left without coverage. It’s the kind of statistic that makes you stop mid-scroll and wonder how a market can change so dramatically in such a short time.
The reality is that Florida’s insurance landscape has been under pressure for years, and this latest wave of non-renewals is the clearest sign yet that the system is straining under the weight of rising risks and rising costs.
