TALLAHASSEE, Fla. \u2014 Florida insurance leaders and regulators are gathering in Tallahassee this week to discuss the state’s insurance market, which is showing positive signs after years of crisis.<\/p>\n
For more than two years, WPTV has listened to residents struggling to navigate Florida’s insurance market while we pressed state lawmakers for solutions.<\/p>\n
WATCH BELOW: WPTV travels to Tallahassee, gets answers on Fla. insurance market<\/p>\n
WPTV travels to Tallahassee, gets answers on Florida insurance market<\/p>\n
WPTV reporter Matt Sczesny traveled to the state capitol to track down experts and get answers on where the insurance industry stands right now in Florida.<\/p>\n
On Wednesday, we found the mood in Tallahassee over insurance is certainly a lot better than it has been in recent years.<\/p>\n
Florida Insurance Commissioner Michael Yaworsky said the turnaround is happening, with rates going lower or stabilizing, new insurers entering the state, and reforms working.<\/p>\n
“I’m confident we are on the right track in Florida,” Yaworsky said.<\/p>\n
WPTV has heard firsthand from homeowners about the changing market.<\/p>\n
“It’s been ages, as you know, I’ve been interviewed, it’s been increasing and increasing, and then to see this, oh my God, it was like Christmas Day,” Lori Lanni, a Royal Palm Beach resident, told WPTV last month.<\/a><\/p>\n But the good news has not reached everyone, with some residents telling WPTV that they’ve canceled their home insurance because they can’t afford it anymore.<\/p>\n On Wednesday, Sczesny pressed Yaworsky on why the good news is not happening everywhere.<\/p>\n “I think there is good news across the board generally, but there will always be parts of the state that are harder to insure than others, which can be a combination of factors, whether it’s geography, density,” Yaworsky said.<\/p>\n
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