Florida insurance reform: Pressure builds for action​​​​​​​
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Florida insurance reform: Pressure builds for action​​​​​​​

Florida State Capitol in Tallahassee
Florida State Capitol in Tallahassee

Florida’s Senate has supported a major reform bill that would address multiple challenges that are crippling the state’s domestic insurance carriers, but as insurers struggle to remain afloat, anxieties are running high over whether it will progress ahead of what could be another active hurricane season.

At stake are multiple different challenges, including trends that have punished the state’s reinsurers as catastrophe claims have played out: high levels of litigation, punitive legal fee systems that encourage opportunistic lawsuits, and generous timeframes to file claims that...

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