Florida's insurance regulator says more than 824,300 homeowners got rate decreases in October, and 450,000 more are pending. If you run a Florida agency, your next step is simple: sort your book by carrier and renewal date, then start with the carriers that are cutting.
The numbers
- 824,300+ Florida homeowners received rate decreases in new or renewal policies in October, with decreases up to -12.1%. Source: Florida OIR, Oct 29, 2026 (Florida data, official).
- 450,000 more Floridians are covered by decrease requests pending for November, December and January. Same source.
- Since January 2024, 48 companies have filed for a rate decrease and 53 have requested no change or a 0% increase. Same source.
What happened
On Oct 29, the Florida Office of Insurance Regulation (OIR) and CFO Blaise Ingoglia highlighted the October homeowners decreases. Commissioner Mike Yaworsky said, "We are not taking the foot off the gas," and added that OIR plans to announce more decreases "in the next two months and going into the new year." The CFO tied the decreases to the state's tort reforms. That is the CFO's reading, not something the release proves.
Two caveats matter for your desk. First, these are filings approved by carrier, and each policyholder's actual change depends on the policy. Second, OIR's list of October decreases by carrier is published as an image, so check each carrier's filing before you quote a number to a client.
Why it matters for your agency
Rate decreases change renewal conversations. Clients who braced for another increase will be relieved. Clients who shop every year will ask whether they are getting the cut. If you cannot see which renewals belong to which carrier and month, you will answer those calls one at a time, and you will miss the accounts where a carrier change or a coverage review is worth a call.
Three things to do this week
- Sort your book by carrier and renewal date. Export your November and December renewals and group them by carrier. Mark the carriers with a decrease filing, using OIR's page and each carrier's own notices.
- Decide what you will say. Write two or three sentences for clients whose carrier is cutting: what changed, what stays the same, and what you reviewed. Do not promise a specific percentage until you see their renewal offer.
- Pick one small thing to measure. For example, count how many November renewals you reviewed before the offer arrived. Check the number again in December. It takes five minutes and gives you a real baseline.
Want a repeatable way to run renewals and other daily workflows? Start with our pillar guide, AI for Insurance Agencies: Start With One Workflow.
Also on the radar
- Auto rates are moving too. On Oct 26, OIR approved an average -7% decrease for USAA Group auto programs, affecting more than 498,000 policies, with average changes by policyholder from -0.4% to -11.2%. OIR also says the five largest auto groups show a 2026 indicated rate change of -12.6%, covering 81% of Florida's auto market. "Indicated" is OIR's term for the change the data points to, not a guaranteed cut. Florida OIR, Oct 26, 2026.
- Fake certificates of insurance, and an arrest in Miami-Dade. On Oct 27, the Florida Department of Financial Services (DFS) announced the arrests of Yaudat Antonio Ohan and Alberto Villaruel. DFS says the case began when a construction company sent two fraudulent certificates of insurance to a DFS compliance officer, the insurer confirmed the policies were never active, and $10,500 in premium was paid. The Miami-Dade State Attorney's Office is prosecuting. The two men have been charged, not convicted. DFS did not publish verification advice in the release. Our suggestion: when a certificate matters, confirm with the carrier that the policy is active. Florida DFS, Oct 27, 2026.
