How Current Litigation Proceedings Are Driving Up Florida Homeowners Insurance Rates – Laws and Insurance Products

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PropertyCasualty360

In a new article, Partner Julie Nevins and Special Advisor Lisa Pach explain how the procedures and standards used for real estate claims litigation in Florida have resulted in high rates for homeowners insurance in the Sunshine State.

“The Florida home insurance market is financially stressed,” write Julie and Lisa in PropertyCasualty360. “Florida’s national property insurers have reported losses for several years, and declining surpluses are outpacing premium growth. As a result, Florida homeowners face rising premiums year over year and unless there is a choice.”

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The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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