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.
Similar Stories to Lawsuits Against Insurers Declined Again This Year. Will This Year’s Hurricanes Reverse The Trend? on Bing News
Ron Hurtibise, South Florida Sun-Sentinel
Sun, 11/10/2024 - 2:00am
Topics: related articles ratings condo maxwell floridians guy carpenter company notices intent litigate locke burt security first insurance florida office insurance regulation yeah ernie garatiex heritage property casualty hurricane idalia debbie helene disputes mark friedlander insurance information institute plaintiffs north miami-based kenneth duboff anthony lopez your insurance attorney duboff policyholders settlement administrative hearings citizens property insurance the florida justice association december louis gonzalez friedlander premiums hurricane irma hurricane ian hurricane milton milton ron hurtibise south florida sun sentinel twitter florida in insurers attorneys i a business milton october ceo in in corp friedlander miami-based duboff he gonzalez milton year trend reforms number fees pay compared quarters rates represent steady process storms recourse rate data recover costs enacted deny percentage loss cover losses caused offer agree called shows quarter case cost requested experts test reform true
BING NEWS:
- Insurers are facing $135 billion of losses after extreme weather events around the world this year
This year marks the fifth consecutive year that insured losses from natural disasters have surpassed $100 billion, the Swiss Re Institute said.
12/6/2024 - 2:53 am | View Link - 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 - Lawsuits against insurers declined again this year. Will this year’s hurricanes reverse the trend?
For the second straight year, the number of lawsuits filed against insurers during the first three quarters declined by 23.8 ... over claims from those three hurricanes could push the number ...
11/9/2024 - 11:00 am | View Link - More
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