Florida Insurance Commissioner Mike Yaworsky announces continued market expansion with two more companies entering the state’s residential insurance sector

Tallahassee, Florida – Florida’s insurance industry continues to show steady improvement, with the addition of two more property and casualty companies now approved to operate in the state. Insurance Commissioner Mike Yaworsky confirmed the latest development, marking another positive step in Florida’s evolving and increasingly competitive insurance landscape.

“I am pleased to announce two additional property and casualty companies doing business in our state with more companies to be announced in the near future,” said Commissioner Yaworsky. “Our market is becoming more and more competitive, and we continue to see great progress in rate requests with over 120 residential filing requests for rate decreases or 0% increases so far this year.”

The two newest entrants are Incline National Insurance Company and Florida Insurance and Reinsurance Company. Their arrival brings the total number of new companies joining Florida’s insurance market to 14 since state lawmakers enacted sweeping reforms aimed at stabilizing the sector.

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These changes, which began taking shape over the past few years, were designed to address long-standing issues that had led to higher premiums, company insolvencies, and shrinking options for policyholders. Since the reforms, however, the tide appears to be turning in the right direction.

Incline National Insurance Company, headquartered in Texas, is entering the Florida market with a broad scope of offerings. The company is approved to provide coverage in allied lines, inland marine, homeowners’ multi-peril, workers’ compensation, and private passenger auto insurance. Backed by over 75 years of leadership experience and an A rating from A.M. Best, Incline has stated its intent to offer policies across the entire state.

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Meanwhile, Florida Insurance and Reinsurance Company—domiciled within Florida—is aiming to fill a specific niche. The company will primarily offer policies for condominiums and condominium associations, along with coverage for smaller, multi-tenant office buildings. Additionally, it plans to expand into reinsurance products designed to support exposure management and optimize capital efficiency.

These additions reflect a broader trend of revival in Florida’s once-troubled property insurance sector. The Office of Insurance Regulation (OIR) reported that domestic property insurance