Reinsurance News

Florida Peninsula Insurance announces 2% reduction in homeowners premiums

12th April 2024 - Author: Beth Musselwhite

Florida Peninsula Insurance Company has announced a 2% statewide decrease in homeowners insurance premiums.

This reduction is partly due to recent legislative changes and the diligent efforts of the analyst team at Florida Peninsula Insurance, who have identified opportunities for additional savings to benefit policyholders across Florida.

Clint Strauch, President of Florida Peninsula Insurance, remarks, “This should come as great relief to many Florida homeowners who have been suffering through this insurance crisis.”

“Florida Peninsula Insurance’s dedicated analytics team did their advanced calculations and recommended a 2% decrease in premiums,” he explains.

“We are happy to be able to offer this reduction to Florida residents. The industry is showing indications of stabilisation thanks to the hard work of our state legislators,” Strauch concludes.

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