Comment on Lawsuits against insurers declined again this year. Will this year’s hurricanes reverse the trend?

Lawsuits against insurers declined again this year. Will this year’s hurricanes reverse the trend?

Lawsuits against insurers in Florida have continued to decline in 2024 following reforms enacted two years ago. Insurers say the declines have reduced costs and helped them to reduce or stabilize rates charged to policyholders. Attorneys who represent insurance customers counter that the reforms made it more costly for policyholders to challenge insurers and left many with no recourse when their insurer denies or underpays claims. Related Articles Business | Ratings firm says Milton losses will further weaken ‘precarious position’ of Florida insurance market Business | Condo association insurance costs doubled since 2022, new data shows Business | Maxwell: More than 80% of Floridians lack flood insurance.

 

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