Windward Risk Managers today announced approved statewide rate decreases for certain policies issued by Edison Insurance Company and Florida Peninsula Insurance Company.

The changes, approved by the Florida Office of Insurance Regulation, are effective July 1, 2026, for new business and July 15, 2026, for renewals.

Approved average rate level decreases are:

• Edison Insurance Company: 10% for HO-3 homeowner policies and 10.5% for HO-6 condo unit-owner policies.
• Florida Peninsula Insurance Company: 0.9% for DP-3 dwelling property policies, commonly used for rental homes as well as owner-occupied homes.

Beyond the Rate Decrease: Tenant-Occupied DP-3 Surcharge Eliminated

In addition to the approved DP-3 rate decrease, Florida Peninsula is removing the surcharge for tenant-occupied dwelling property (DP-3) properties. For some landlords and rental property owners, this change may result in more meaningful premium reductions than the statewide average decrease alone.

"These approved changes are intended to provide relief in areas where pricing conditions have improved, while maintaining a disciplined approach to underwriting and risk management," said Paul Adkins, CEO, Windward Risk Managers.

The company noted that individual premium impacts will vary. Not all policyholders will see the same change, and some may not see a decrease because premiums are influenced by factors such as location, roof characteristics, wind mitigation features, claims history, replacement cost updates, coverage selections, deductibles, and discounts.

Premium changes from the elimination of the DP-3 Tenant-Occupied surcharge will be reflected on renewal beginning July 15, 2026.

About Windward Risk Managers

Windward Risk Managers supports multiple property insurance brands serving Florida homeowners, including Florida Peninsula Insurance Company, Edison Insurance Company, and Ovation Home Insurance Exchange. Through its network of more than 2,500 agency partners throughout Florida, Windward Risk Managers provides access to innovative property insurance solutions for homeowners, condo owners, landlords, and renters in the state and beyond.

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Windward Risk Managers announces approved Florida statewide rate decreases for certain policies issued by Edison Insurance Company and Florida Peninsula Insurance Company.