What you need to know about pending changes to Florida insurance laws
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What you need to know about pending changes to Florida insurance laws
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Viewpoint: The Cold, Hard Truth About Florida Litigation By Lisa Miller | April 16, 2021
Greater clarity came this week from the National Association of Insurance Commissioners (NAIC) via Florida Commissioner David Altmaier: Florida has 8% of all homeowners’ claims in the U.S., yet 76% of all homeowners’ claims lawsuits. Boom.
In a letter to House Commerce Chairman Rep. Blaise Ingoglia (R-Spring Hill), widely quoted in committee meetings last week, Commissioner Altmaier laid it all out in black and white with cold, hard data.
“In 2019, Florida accounted for 8.16% of all homeowners’ claims opened by insurance companies in the U.S. However, in 2019, Florida accounted for 76.45% of all homeowners’ suits opened against insurance companies in the U.S. The results for 2019 are not an anomaly. As the chart below depicts, litigation trends in Florida have been consistently many times higher than any other state.