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.

BING NEWS:
  • Lawsuits against insurers declined again this year. Will this year’s hurricanes reverse the trend?
    The number of lawsuits filed against Florida insurers declined for the fourth straight year over the first nine months of 2024, falling to about 27,900 from a high of 67,800 in 2021. Insurers ...
    11/9/2024 - 8:08 pm | View Link
  • Zurich Forecasts Hurricanes Helene, Milton Impact Below $360 Million as Catastrophe Losses Rise
    LONDON (Reuters) - Zurich Insurance Group posted on Thursday a rise in its 9-month premium revenue and said that its exposure to Hurricanes Helene and Milton, which recently wreaked havoc in the ...
    11/8/2024 - 6:04 pm | View Link
  • Zurich forecasts Hurricanes Helene, Milton impact below $360 mln as catastrophe losses rise
    Zurich Insurance Group posted on Thursday a rise in its 9-month premium revenue and said that its exposure to Hurricanes Helene and Milton, which recently wreaked havoc in the United States, would be ...
    11/7/2024 - 12:54 am | View Link
  • US catastrophe claims hit 7-year high, report finds
    Catastrophe claims related to severe weather events reached a seven-year high in 2023, according to data analytics firm LexisNexis.
    10/31/2024 - 7:50 am | View Link
  • Florida’s Property Insurance Market: Sunnier Skies Ahead After Hurricanes
    New laws, a state-run firm and fresh private insurers are buoying a setup that seemed to be sinking only two years ago.
    10/29/2024 - 11:00 pm | View Link
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