Florida's insurance reforms bring relief to homeowners across the state

FORT MYERS, Fla. (WINK )— Florida's insurance commissioner said the state's insurance market has improved from an "F" in 2022 to a "B" in 2026.

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During a two-day insurance summit at Florida State University, Florida's Insurance Commissioner Michael Yaworsky discussed the state's progress. He attributed the improved grade to major legislative changes such as eliminating one-way attorney fees and banning assignment of benefits.

"Now we are at a 'B,'" Yaworsky said. "There is good news across the board generally. But there will always be parts of the state that are harder to insure than others."

Yaworsky said insurance-related reforms need a few more tweaks, but overall, home and auto markets are stabilizing.

Mark Wilcox, co-owner of Wilcox Family Insurance in Lee County, weighed in on the commissioner's assessment.

"I'm not surprised. I mean, a 'B' is infinitely better than where we've been the last few years," Wilcox said. "Rates are not necessarily going down, but stabilizing. But it's a good time to shop. For the first time in years, we're able to save people money."

Wilcox said that while rates are stabilizing, people may still see increases in their renewal rates.