More insurers and signs of lower rates could give Florida homebuyers additional coverage options and bring greater predictability to a cost that can shape monthly payments and complicate closings.
New data show Florida’s share of the nation’s homeowners insurance lawsuits has fallen sharply since state lawmakers overhauled the claims litigation system, according to Insurance Journal.
Florida accounted for nearly 5% of homeowners insurance claims nationwide in 2025 but about 41% of related lawsuits, the Florida Office of Insurance Regulation reported.
That is nearly half what it was in 2020. That year, Florida generated about 9% of the country’s homeowners insurance claims and more than 79% of its claims lawsuits.
The changes follow insurance reforms approved by the Florida Legislature in 2022 and 2023.
The laws limited attorney fees in property insurance lawsuits and stopped policyholders from signing over insurance benefits to contractors.
At least 20 new insurance carriers have entered Florida since the reforms took effect, according to Insurance Journal. Several existing insurers also have announced rate decreases.
Source: Florida REALTORS
Mortgage Rates
Average 6.69%
The 30-year fixed-rate mortgage averaged 6.69% this week. While mortgage rates continue to influence affordability, the housing market is showing signs of adjustment, with listing prices modestly below year-ago levels and for-sale inventory improving from the limited supply seen in recent years.
The 30-year fixed-rate mortgage averaged 6.69% as of August 6, 2026, up from last week when it averaged 6.66%. A year ago at this time, the 30-year FRM averaged 6.63%.
The 15-year fixed-rate mortgage averaged 6.01%, down from last week when it averaged 6.04%. A year ago at this time, the 15-year FRM averaged 5.75%.
