Florida legislation should mitigate future homeowners’ premium increases: KCC
While Florida’s recently enacted legislation should have a major impact on excess litigation, helping to “significantly” mitigate future homeowners’ premium increases, other outside factors will continue to influence premiums, according to a recent Karen Clark & Company (KCC) report.
The modeling firm said premiums are unlikely to go down, with price increases in recent years driven by hurricanes, weather events, inflation and excess litigation.
Uncover exclusive insights tailored for insurance leaders
- Stay Informed: Access exclusive industry insights
- Gain a competitive advantage: Hear first about tactical developments
- Make better decisions: Understand market dynamics in crucial lines of business