If you are looking for a wild ride in the legal system, Florida is the place to be.
Florida has taken significant steps to mitigate the effects of the state’s tort environment, specifically as it relates to the challenging property insurance marketplace. The legislature convened in May and December 2022 to pass crucial legislation (Senate Bill 2D and Senate Bill 2A) intended to help the marketplace heal from frivolous lawsuits, insurance company insolvencies, and issues resulting from natural catastrophes. (For perspective, Florida makes up 79 percent of homeowners insurance lawsuits nationwide, but only accounts for 9 percent of all homeowners insurance claims). Yet there is still a great deal of room for improvement.