A newly established Florida domiciled property insurer, Praxis Reciprocal Exchange (PRE), has received its certificate of authority from the Florida Office of Insurance Regulation (OIR). PRE will operate as a reciprocal insurer, owned by its policyholders and managed by Pre Risk Management, LLC as its Attorney-in-Fact. As a reciprocal, PRE is structured to prioritise the interests of its policyholders, aligning financial results and governance directly with those it insures. Overall, the firm’s leadership team brings more than 75 years of expertise in the Florida property insurance sector, spanning agency distribution, underwriting, claims management, and reinsurance. Our reciprocal model ensures that policyholders are at the center of every decision, creating alignment, transparency, and accountability.”