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The Insurance Information Institute (III), an industry group, reports that 80 percent of the nation's homeowners insurance lawsuits are in Florida, despite only 9 percent of the nation's insurance ...
The governor noted that Florida accounted for 79% of the country’s homeowners’ insurance lawsuits from just 9% of the country’s homeowners’ insurance claims.
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.
In 2022, the Florida home insurance market spent months tumbling toward collapse, but legislation was put in place to help mitigate disaster. These laws aim to make Florida home insurance more ...
Ten Florida insurance companies said recently they would not increase rates, and at least 15 others filed for a decrease in rates.
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“This is a test for the entire insurance industry,” said Michael Carlson, president of the Personal Insurance Federation of Florida, referencing Hurricane Ian. The federation represents State ...
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