Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show

At the tallness of the Florida spot security situation successful the aboriginal 2020s, 1 statistic seemed to galvanize the question for reforming the state’s security claims litigation statutes:

Floridians had produced astir 9% of each homeowners’ claims successful the U.S. successful 2020, but much than 79% of the HO claims lawsuits. That eye-popping ratio, compiled by the Florida Office of Insurance Regulation and based connected information from the National Association of Insurance Commissioners and carriers’ reporting, was repeated successful legislative hearings and quality articles crossed the state.

By the extremity of 2025, 3 years aft legislative reforms were adopted, that ratio was inactive a small disproportionate but it has ameliorated significantly: Florida homeowners accounted for astir 5% of claims filed successful the country, but the stock of lawsuits has dropped to conscionable 41%, the OIR noted successful its latest Property Insurance Stability Report.

Net underwriting for Florida-domiciled carriers has besides shown a crisp turnaround—from astir $1.5 cardinal successful full losses successful 2020 to much than $1.7 cardinal successful gains successful 2025, the study shows. That’s astir a 180% turnaround successful little than 5 years.

The rosy numbers should travel arsenic nary astonishment to astir successful the manufacture successful Florida. After the 2022-2023 legislative changes, which stemmed excessive lawsuits by ending Florida’s alternatively unsocial one-way lawyer interest rules and assignment-of-benefits agreements, astatine slightest 20 caller carries person entered the market. Several others person posted complaint decreases.

“The legislative reforms, among different things, eliminated the guaranteed one-way lawyer fees for plaintiffs that provided a gross inducement to sue, with fees successful immoderate cases that were 5 oregon six times greater than the assertion magnitude itself,” said Lisa Miller, erstwhile Florida lawman security commissioner.

The OIR study tin beryllium seen here.

Chart: From Florida OIR’s Property Insurance Stability Report

Topics Lawsuits Florida Claims