Another home insurer will soon be available in Broward and Miami-Dade counties

Ron Hurtibise, South Florida Sun-SentinelSouth Florida Sun Sentinel

Another home insurer will soon begin offering policies in Broward and Miami-Dade counties.

American Integrity, which began selling stock with an initial public offering in May, on Wednesday announced plans to offer voluntary home insurance policies in South Florida’s two largest counties for the first time in a decade.

The company announced its plans on the same day it reported its financial results for the second quarter of 2025.

“Our expansion into underserved but stable counties in Florida is opening up large markets to American Integrity, and I am excited to announce that our voluntary rate filing has been approved in Miami-Dade and Broward counties under which we will begin writing policies later this month,” CEO Robert Ritchie was quoted as saying in a news release by the company.

“The tri-county region of Miami-Dade, Broward and Palm Beach represent one of the most valuable and concentrated homeowner markets in Florida — accounting for over 26% of the state’s total households — and is a region where we have not written business in more than a decade. This is a significant market opportunity, and we have the distribution in place to capitalize on it.”

Mark Friedlander, senior director of media relations for the industry-funded Insurance Information Institute, said the announcement was further evidence that the legislative reforms of 2022 and 2023 are working to improve Florida’s insurance market.

“This is excellent news for South Florida homeowners,” Friedlander said. “American Integrity is a highly regarded Florida-domiciled carrier and one of the largest home insurance writers in the state. Its plan to begin offering standard home coverage in Broward and Miami-Dade counties shows the growing confidence domestic insurers have to write profitable business in markets across Florida due to the legislative changes which curbed legal system abuse and assignment of benefits claim fraud.”

Prior to the reforms, many insurers pulled out of the South Florida market due to what they said was overexposure to inflated claims and excessive litigation. Those rates have steadily decreased in the region after lawmakers removed financial incentives to sue insurers, and several companies have resumed writing policies in the region.

Dulce Suarez-Resnick, vice president of sales at the Miami-based agency Acentria Insurance, last week provided a list of insurers now providing coverage in the South Florida market. They include Universal Property & Casualty (limited to some ZIP codes), Florida Peninsula, Edison, Ovation, Tower Hill, Heritage, Florida Family, Homeowners Choice and First Protective (also known as Frontline).

“I’m excited,” Suarez-Resnick said about American Integrity’s announcement on Wednesday. “American Integrity has been around a long time and is committed to the Florida insurance marketplace. We need many carriers to spread the risk and create a competitive marketplace.”

Ritchie did not respond to an email asking whether American Integrity had recently picked up policies in Broward and Palm Beach counties as part of a program encouraging depopulation of state-owned Citizens Property Insurance Corp. Nor did it reveal whether it ever discontinued writing in Palm Beach County, where litigation rates have been much lower than in Broward or Miami-Dade counties.

Among other milestones, the company reported:

— Gross written premiums of $287 million, a 29.6% increase compared to the second quarter of 2024.

— Adjusted net income of $31.3 million, or $1.84 per diluted share.

— Net investment income of $4.8 million, 40% higher than the prior year.

After the quarter ended, the company surpassed 400,000 policies in force, Ritchie announced. The company ended May with 378,200 policies, making it the fifth largest property insurer by policy count behind Citizens, State Farm Florida, Universal Property and Casualty and Tower Hill Insurance Exchange.

Ritchie called the achievement “an important milestone.”

He added, “It’s more than a policy count. It’s a statement of trust, scale, and post-IPO momentum. It reflects the grit, execution, and values-driven culture that have defined American Integrity from day one.”

Ron Hurtibise covers business and consumer issues for the South Florida Sun Sentinel. He can be reached by phone at 954-356-4071 or by email at [email protected].