Florida’s property insurance market has endured many challenges in recent years, from large catastrophe claims and high reinsurance costs to an increasing amount of claims going to court. Now, a new analysis shines the spotlight on just how severe insurance litigation is affecting the Sunshine State.
In an April 2 letter to Florida House Commerce Committee Chair Blaise Ingoglia, Florida Insurance Commissioner David Altmaier pointed to data that shows that Florida accounted for 76.45% of all homeowners’ lawsuits opened against insurance companies in the U.S. in 2019, even though the state only accounts for 8.16% of all homeowners insurance claims filed that year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]