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Governor Ron DeSantis signed several insurance reform bills into law during the 2022 and 2023 legislative sessions. Combined with earlier legislation, these regulations aim to stabilize the ...
Legal costs for insurance companies dropping after spike in lawsuits in early 2023. The reforms put Florida more in line with litigation rules in other states, Friedlander said, and insurance ...
State legislative leaders say they want to let 2023 insurance adjustments work through the system before further legislation. Despite ailing property-insurance market, Florida lawmakers plan no ...
December 12, 2023 at 3:00 AM. ... The news about Florida's property insurance market is not particularly sunny these days. Headlines are full of insurers pulling out of the state, premiums ...
The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]
A 2021 analysis by then-Florida Insurance Commissioner David Altmaier found that Florida made up 8% of the nation’s homeowners’ claims in 2019, but 76% of its lawsuits.
Home insurance costs in Florida are unlikely to fall even as reforms enacted by the state Legislature last year drive down litigation rates, a national insurance analyst predicted in a newly ...
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