Monthly MIR Statewide Summary — Carrier Performance, Claims Activity, Litigation Trends & Strategic Insights for Public Adjusters and Restoration Partners
A top-level view of Florida's residential property insurance market across 163 reporting carriers. The data captures over 15.2 million active policies totaling $8.1 trillion in insured exposure — the single largest state property insurance market in the United States.
302,082 new policies were written in January 2026 while 241,710 were canceled and 59,610 were nonrenewed — resulting in a net positive policy movement. However, the churn rate (cancellations + nonrenewals vs. policies in force) of ~1.98% in a single month is worth monitoring for your clients' coverage stability.
The 12 largest carriers by policies in force dominate the market. Understanding which carriers write the most policies helps public adjusters and restoration companies prioritize carrier-specific claim strategies.
Cancellations and nonrenewals directly impact policyholders' ability to maintain coverage and file claims. These metrics are critical for identifying which carriers are shedding risk and which policyholders may need new coverage — and potentially have unresolved claims.
Praetorian Insurance leads cancellation rates at 11.19% — meaning roughly 1 in 9 policyholders lost coverage in a single month. They also top nonrenewals at 9,865 policies. Public adjusters should be aware: policyholders being shed from high-cancellation carriers often have open or unreported claims that need prompt attention before coverage termination takes effect.
January 2026 saw 63,826 new claims opened, 68,750 closed, and 141,378 remaining pending statewide. The pending-to-closed ratio indicates significant claim backlogs at many carriers — representing ongoing opportunities for policyholder advocacy.
Citizens Property Insurance carries the heaviest claim burden with 13,640 pending claims — more than double any private carrier. Slide Insurance shows an interesting pattern: 3,749 claims opened vs. 3,964 closed, yet still carrying 4,848 pending — indicating a persistent backlog. For restoration companies, carriers with high pending counts often mean delayed authorization and slower supplement processing.
49,594 open lawsuits at month-end, with 3,856 new suits filed and 5,906 resolved in January. Of resolved lawsuits, 63.1% closed with consideration for the consumer — a strong indicator that disputed claims have merit when taken to litigation.
| Carrier | Open Lawsuits | New Filed | Closed | Consumer Win % |
|---|
Citizens Property Insurance has the most open lawsuits (6,936) but a relatively low consumer-favorable outcome rate of 44%. In contrast, Security First (95%), TypTap (89%), and Slide (88%) show dramatically higher consumer-favorable closure rates — meaning disputed claims from these carriers have strong litigation outcomes. State Farm Florida carries 3,416 open suits with 84% closing favorably for consumers.
ADR mechanisms — particularly appraisal — remain a critical tool for resolving disputed property claims. In January 2026, 5,416 ADR proceedings were invoked statewide, with mediation and appraisal being the most utilized paths.
Mediation (2,294) and appraisal (1,792) remain the dominant ADR tools. For public adjusters, appraisal is often the fastest path to resolving valuation disputes, especially with carriers showing high denial or underpayment patterns. Carriers with high appraisal volumes typically indicate systematic undervaluation practices that benefit from professional adjustment.
Wind coverage remains the defining risk factor in Florida property insurance. The data reveals how the market handles this critical peril across policy types.
Of the 15.24 million active policies, 96.2% (14.67M) include wind coverage while only 3.8% (579K) exclude it. Notably, zero cancellations were attributed to hurricane risk in January 2026, and only 576 nonrenewals cited hurricane risk. This suggests carriers are currently maintaining wind exposure rather than actively shedding it — though nonrenewal patterns should be watched seasonally as hurricane season approaches.
Key intelligence from this month's data to inform your practice and client relationships.
