Since 2013, $15 billion has been paid out in claims in Florida – 71% of which went to attorney fees, 21% paid for insurers' defense costs and just 8% went to property owners for their losses. (Credit: Mia2you/Shutterstock.com.) After Years of Abusive Lawsuits, Florida Personal Lines Coverage Reaches Crisis Levels — Part 1
After years of abusive lawsuits and fraud, homeowners insurance rates in Florida are through the roof – and both agents and policyholders are suffering.
December 28, 2021 at 10:06 AM
6 minute read
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The original version of this story was published on Law.com
Editor's note: Part two of this article will appear on Wednesday, December 29, 2021.
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