When it comes to regulating insurance, Florida is slowly improving. The Sunshine State raised its grade from a C in 2016 to a B in 2017 on the "R Street 2017 Insurance Regulation Report Card." It ranked No. 15 among all states.
The annual report, written by free-market think tank R Street Institute, ranks states based on consumers’ ability to select their desired insurance products, insurers’ ability to sell those insurance products and how well state governments keep an eye on insurer solvency and support private insurance markets.
Working in Florida’s favor is its competitive homeowners market, relatively few taxes and zero regulatory surplus. But its slow financial exams, significant residual homeowners market and surplus homeowners profits capped it at a B grade.