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Insurance Industry Description

The insurance industry in Florida is a vital component of the state's economy. It is a highly regulated industry that provides a range of insurance products to individuals and businesses. The industry is dominated by property and casualty insurance, which includes coverage for homes, automobiles, and businesses. Florida is particularly vulnerable to natural disasters, such as hurricanes, which has led to a unique insurance market in the state. The Florida Hurricane Catastrophe Fund was established in 1993 to provide insurance coverage for catastrophic losses due to hurricanes. The state also has a high number of uninsured drivers, which has led to the creation of the Florida Automobile Joint Underwriting Association. The insurance industry in Florida is regulated by the Florida Office of Insurance Regulation, which oversees licensing, rates, and solvency of insurance companies operating in the state. Overall, the insurance industry in Florida plays a critical role in protecting indi...

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1,921

COMPANIES

91.4 Billion

TOTAL VALUE

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Avg salary

Avg Salary in Insurance

$87,435

AVG SALARY

top companies

Top Companies

COMPANY NAME INDUSTRY LOCATION REVENUE EMPLOYEES

Insurance

United States, Florida

1 Billion and Over

10001+

Insurance

United States, Florida

1 Billion and Over

5001-10000

Insurance

United States, Florida

1 Billion and Over

5001-10000

Insurance

United States, Florida

1 Billion and Over

5001-10000

Insurance

United States, Florida

250 Million to 500 Million

10001+

Insurance

United States, Florida

250 Million to 500 Million

5001-10000

Insurance

United States, Florida

100 Million to 250 Million

10001+

Insurance

United States, Florida

100 Million to 250 Million

10001+

Insurance

United States, Florida

1 Billion and Over

1001-5000

Insurance

United States, Florida

1 Billion and Over

1001-5000

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employees

Segmentation by Number of Employees

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Industry + State Overview

The banking and finance industry in Florida is a significant contributor to the state's economy. It encompasses a wide range of financial institutions, including commercial banks, credit unions, investment banks, and insurance companies. Florida's strategic location and strong business environment have attracted numerous national and international financial institutions to establish a presence in the state. The banking sector in Florida is highly competitive, with both large national banks and smaller regional banks operating in the state. Major national banks such as Bank of America, Wells Fargo, and JPMorgan Chase have a significant presence in Florida, offering a wide range of banking services to individuals, businesses, and corporations. In addition to traditional banking services, Florida is also home to a thriving fintech industry. Fintech companies leverage technology to provide innovative financial solutions, including online banking, mobile payment systems, and peer-to-pe...

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FAQ

FAQs

The top Insurance companies in Florida are Brown & Brown Insurance, AssuredPartners and Florida Blue. To view a full list of companies in this industry, please sign in to CIENCE GO Data.

The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.

There are approximately 1921 of Insurance companies in the US according to the latest CIENCE data.

The median revenue for Insurance companies in the US is 2500000.

Yes, the Insurance industry in Florida is known for Insurance as there are 1921 companies in Florida.

The average revenue for Insurance companies in Florida is 47589276.

You can find job opportunities in the Insurance in Florida through online job portals, company websites, and industry-specific job fairs. Each company listed in the CIENCE database includes known company phone numbers and website information.

The overall Insurance industry main page is found here.

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