FCCI Insurance Group, based in Sarasota, Florida, announced its expansion into the excess and surplus lines market beginning October 1. Initially, agents in Florida, Georgia, and Texas can submit general liability and commercial excess business to FCCI Specialty Insurance Co., with the rollout extending to regions including the Midwest, Mid-Atlantic, and Gulf Coast by the first quarter of 2025. This strategic move comes as demand for surplus lines coverage has surged in Florida, where total premiums have jumped from $4.8 billion in 2022 to nearly $7 billion in 2023. As of late 2022, FCCI had a minimal presence in the surplus market, holding just 237 commercial and surplus policies in Florida.
