Year: 2025

However, the Florida Office of Insurance Regulation clarified that only 20% of Citizens policyholders will see lower rates this year, with an average reduction of 5.6% among that segment. The remaining 80% of policyholders will experience an average rate increase of 8.6%, according to Shiloh Elliott, press secretary for the Florida Office of Insurance Regulation. 

She will lead casualty strategy, expanding solutions to address evolving industry risks

“A successful specialty program is built for the long haul,” said Farrell. “It’s not just about the best price – it’s about insightful underwriting, deep analytics, and strategic thinking to balance growth and profit.” Rizzo echoed this sentiment, emphasizing the importance of “great leadership, financial stability, and a commitment to communication and transparency.”

If enacted, insurers using these models would need to include specific details in their rate filings with the state insurance commissioner. The bill outlines that filings must describe the model’s methodology, its influence on premium rates, and its role in underwriting decisions.

Liberty Mutual’s Talicia Smart is the latest guest on the Meet the Executive Series, in association with NAAIA. In this interview, she talks about her career journey, where the insurance industry is going right and wrong with DE&I, and how to do better with the recruitment of young people.