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The Florida Office of Insurance Regulation says eight new insurance companies have entered the state.
Those companies are Ovation Home Insurance Exchange, Manatee Insurance Exchange, Condo Owners Reciprocal Exchange, Orange Insurance Exchange, Orion180 Select Insurance Company, Orion180 Insurance Company, Mainsail Insurance Company and Tailrow Insurance Companies.
The OIR says "Florida's insurance market continues to strengthen, showing signs recent legislation is having positive impacts to the property insurance market."
Work continues to shed policies from Citizens, the state's insurer of last resort. The Legislature, for two years in a row, has passed laws to help the industry recover.