FSLSO - Florida Surplus Lines Service Office
11/03/2025 | Press release | Distributed by Public on 11/03/2025 16:07
Market Levels Hold as Activity Eases Into Q4
Commercial Property remained the top coverage by premium at $258.1M, though total premium fell 24% year-over-year. At the same time, policy count increased 43%, while the average cost per policy declined 47% to $11,513. Commercial Property continues to reflect a softening line, a trend that has persisted for nearly all of 2025.
In Homeowners (HO-3), premium rose 8% with a 24% increase in policy count, while the average cost per policy dropped to just over $5,600. This trend has continued since the repeal of the diligent effort requirement, suggesting that surplus lines continues to provide a residential solution for Florida homeowners.
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