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The excess and surplus lines market continues to attract more business six years into a period of sustained rate hikes for many lines of commercial property/casualty insurance coverage.

Florida's E&S market remains notably variable as August premium totals peaked at $1.2 billion, a 4% decrease from August 2023. Policy count, however, showed a 9% increase over August 2023, reaching a total of 121,576.

The excess and surplus lines property insurance market defies 2023 predictions, with rate decreases gaining momentum, according to Risk Placement Services.