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.
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