The Florida Office of Insurance Regulation published a bulletin announcing that P&C insurer Mangrove Property Insurance Company has been approved to enter the Florida insurance market and will offer coverage in all 67 counties.

This comes following legislative reforms, which have led to over 10 insurers entering the Florida market. Those companies combined to bring in more than $297 million in policyholder surplus. The companies are the newly approved Mangrove Property Insurance Company, joining ASI Select Insurance Corp., Trident Reciprocal Exchange, Ovation Home Insurance Exchange, Manatee Insurance Exchange, Condo Owners Reciprocal Exchange, Orange Insurance Exchange, Orion180 Select Insurance Company, Orion180 Insurance Company, Mainsail Insurance Company, and Tailrow Insurance Exchange.