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Exposure to the Florida homeowners' insurance market and insurer performance

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  • Cassandra R. Cole
  • Stephen G. Fier

Abstract

The homeowners' insurance market in Florida is facing a crisis as prices increase, the availability of coverage decreases, insurers exit the market, and environmental and legal characteristics of the state drive up claims' costs. In this study, we examine trends in the Florida homeowners' insurance market over the past two decades and investigate how participation in the market influences insurer performance. Among the results, we find that involvement in the Florida homeowners' market does not by itself necessarily have an inherently negative effect on overall profitability, but that exposure during periods of substantial hurricane activity is associated with weaker performance. Furthermore, we observe key differences by type of insurer and based on the extent to which an insurer's overall book of business is exposed to the Florida homeowners' insurance market.

Suggested Citation

  • Cassandra R. Cole & Stephen G. Fier, 2025. "Exposure to the Florida homeowners' insurance market and insurer performance," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 28(2), pages 232-269, June.
    • Handle: RePEc:bla:rmgtin:v:28:y:2025:i:2:p:232-269
    DOI: 10.1111/rmir.70008
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