WPBF 25 News

**Brand Description: Insurance Information Institute**

The Insurance Information Institute (III) is a leading authority dedicated to providing valuable insights into insurance markets, particularly focusing on Florida's evolving landscape. With a commitment to educating consumers and stakeholders, III features experts like Mark Friedlander, who highlight trends and developments influencing insurance rates and policies. In recent times, there have been promising signs of improvement within Florida's insurance sector, with more competitive pricing and increased participation from private insurers. Notably, the arrival of nine new companies and the filing of rate decreases and stable rates by various insurers indicate a stabilizing market. III advocates for the reduction of policies handled by Citizens Property Insurance Corporation and informs Floridians on legislative changes that foster competition. This initiative is expected to lead to better pricing and comprehensive coverage options, essential for navigating Florida's unique insurance challenges, especially in hurricane-prone environments. The Institute plays a crucial role in shaping the future of insurance in Florida, ensuring it remains accessible and equitable for all residents.