New Florida Insurance Market Entrants (2024-2025)

One encouraging sign of stabilization in Florida’s homeowners insurance market is the return of competition. Over the past year, several new insurers have entered the Florida marketplace, expanding options for homeowners and buyers.

Newly active insurance providers include:

•        Mainsail Insurance Company

•        Tailrow Insurance Exchange

•        Orion180 Insurance Company

•        Orion180 Select Insurance Company

•        Orange Insurance Exchange

•        Condo Owners Reciprocal Exchange (CORE)

•        Manatee Insurance Exchange

•        Ovation Home Insurance Exchange

•        Trident Reciprocal Exchange

•        ASI Select Insurance Corp.

•        Mangrove Property Insurance Company

•        Viceroy Preferred Insurance Company

•        Stand Insurance Exchange

•        Praxis Reciprocal Exchange

Why This Matters

More insurers in the market typically means:

•        Increased availability of coverage.

•        More competitive pricing over time.

•        Greater flexibility for different property types, including condos and single-family homes.

While insurance remains highly property-specific in Florida, the expansion of available carriers is a positive development for homeowners and prospective buyers alike.