In 2001 there were 7.9 million ordinary life insurance policies in force with a total value of $561.6 billion; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $864.5 billion. Death benefits paid that year totaled $2.81 Billion. In 2003, 25 life and health insurance companies and 105 property and casualty insurance companies were domiciled in Florida.
In 2001, property and casualty insurers wrote premiums totaling $23.4 billion. That year, Florida ranked first in the nation in flood insurance, with 1.8 million flood insurance policies in force, with a total value of $249.4 million.
The insurance industry is regulated by the state's Department of Insurance.