Florida has made major strides since its property insurance crisis a few years ago, when some companies failed and others abandoned the state. Carriers have started turning profits again, new insurers are entering the market, and premiums have stabilized.

Climate change isn’t going away, but new insurers are testing the notion that they can manage the risks with better underwriting technology and legislative reforms. The forthcoming initial public offering from Slide Insurance Holdings Inc., which comes to market at the start of the Atlantic hurricane season, is perhaps the clearest test for that thesis.

© Bloomberg