# Florida property insurance market developments > Live situation record from CLSTR: https://clstr.news/situations/florida-property-insurance-market-developments > Updated: 2026-09-28T09:00:00.000Z. Sources: 8. Developments: 2. Florida is experiencing shifts in its property insurance landscape, characterized by both regulatory actions and legislative proposals. Insurance Commissioner Mike Yaworsky has approved rate decreases for several companies, including Alliance North America and Vyrd Insurance Company, which both saw a 10.4% reduction. These developments follow reports from S&P Global indicating that Florida recorded a 0.92% insurance rate change in 2025, making it the only state in the nation with an overall rate decrease. To address affordability, politician Byron Donalds introduced the ‘Bring Down The Bill’ plan, which proposes increasing insurer transparency through a public ‘Insurer Scorecard,’ reforming hurricane-disaster financing, and implementing binding arbitration. A poll from the University of North Florida suggests that insurance remains a critical issue for residents; 63% of homeowners identified property insurance as their primary concern, surpassing property taxes. The survey also noted market instability, with 54% of respondents reporting they have changed their primary insurer at least once in the last five years. ## Timeline ### 2026-09-28: Florida homeowners prioritize property insurance over taxes, UNF poll finds A University of North Florida poll finds 63% of Florida homeowners are more concerned about property insurance than property taxes, despite ongoing political focus on tax relief amendments. 7 sources. https://clstr.news/cluster/florida-homeowners-prioritize-property-insurance-over-taxes-unf-poll-finds ### 2026-09-22: Florida insurance landscape shifts with rate cuts and new cost-reduction proposal Florida homeowners are seeing insurance relief as officials approve rate cuts for several providers, while politician Byron Donalds proposes a new six-part plan to further lower property insurance costs. 2 sources. https://clstr.news/cluster/florida-insurance-landscape-shifts-with-rate-cuts-and-new-cost-reduction-proposal --- Cite as: Florida property insurance market developments. CLSTR, https://clstr.news/situations/florida-property-insurance-market-developments