In case you missed it, last week we launched the P&C Commercial Tracker, a weekly carrier-level tracker of the US commercial insurance market. Two layers, sourced and timestamped: the Carrier Directory baseline and the Weekly Moves tracker.
California is now live. We mapped the state the same way we mapped Florida: admitted carriers, the CA DOI LASLI E&S panel, MGAs and programs, the FAIR Plan, and the regulatory and reform actors who move the market. Texas is next.
What It Is
A carrier-level tracker of the commercial property and E&S property markets in Florida and California. 368 carriers identified so far (170 FL + 198 CA), covering admitted, E&S, Lloyd's, MGA/Program, parametric, Citizens, and the California FAIR Plan. Every carrier researched against FL OIR and CA CDI filings, AM Best, Demotech, S&P, FHCF and CA FAIR Plan participant lists, the Surplus Line Association of California, SEC filings, and trade press. Every entry cites 2-5 independent sources. The directory grows weekly as new entrants are identified and gaps are corrected.
There are Two Layers:
The Carrier Directory is the baseline: who writes commercial property in your state, what they target, whether they are expanding, stable, entering, or tightening. Filter by state, market type, account size, or appetite.
The Weekly Moves tracker captures what changed this week: rate filings, appetite shifts, regulatory actions, market entries, and earnings signals. Every move is sourced and timestamped.
What’s most important for us right now is to get your input on how we can make this useful to you. Reply to this email or ping me at [email protected].
What the Data Says
Florida commercial property right now:
SB 1028 (Citizens commercial clearinghouse) cleared the Senate 33-1 and passed the House, now awaiting DeSantis’ signature, which would open the book to E&S competition in January 2027.
E&S windstorm rates down 47%, with the soft cycle now confirmed in management language: Universal P&C said this week they are “chasing rate adequacy more than business.”
USAA upsized Residential Re 2026-1 to $800-825M with a first-ever FL-only per-occurrence tranche, capital markets confirming the soft cycle on the primary side.
6 carriers actively taking submissions out of Citizens under consent orders, giving brokers a list of first calls for accounts stuck there.
Three carriers tightening coastal guidelines against the broader softening, the kind of divergence that matters for placement and positioning.
California commercial property right now:
Two DIC wrap programs now the standard E&S complement to the FAIR Plan: IAT on Acceptance Casualty paper and the new Amwins/Vivere program distributed exclusively through wholesale, launched April 23.
State Farm General continues to restrict capacity on commercial and habitational property, with January 2025 LA wildfire reserves now at $5.7B and a 17% homeowners hike approved in March.
CA E&S homeowners policies surpassed 300,000 in 2025 per the Surplus Line Association, the same admitted-to-E&S migration accelerating on the commercial side.
Two structural reform threats live for the 2026 session: Senator Wiener’s Affordable Insurance and Recovery Act (climate liability framework) and the Insurance Market Reform Act ballot initiative (Prop 103 amendment, appointed Commissioner, reinsurance and mitigation credit treatment).
Florida and California commercial property are live now. More states coming next across commercial property.
We are temporarily sharing full and free access to our tracker so you can check it out.
Have feedback or requests? We’d love to hear from you. Please reply to this email, or email me at [email protected] and share your thoughts.
Why We Did It
If you place commercial property at a wholesale brokerage, or you sit in product, strategy, or the C-suite at a commercial carrier, you already know the shape of the problem: carriers entering and exiting state markets, rate filings changing appetite overnight, AM Best moving on ratings, reciprocal exchanges spinning up in Florida. Teams stitch it together themselves, across three categories of outside tools: raw filings databases (SERFF, state DOI portals), financial and rating platforms (S&P, AM Best, Demotech), and episodic broker research (Amwins State of the Market, quarterly outlook pieces). Each one answers part of the question. None of them combines the three in a workflow-usable way at the carrier level for commercial property appetite tracking. That’s the gap we’re building against.
If you’re curious, here is our Methodology and Data Dictionary.
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