Florida Property Litigation StatisticsAs the Florida insurance market continues to experience volatile times, unfortunately, Florida also continues to experience significantly higher litigation than any other state. |
At times, contractors persuade homeowners to sign over benefits, then sue the insurance company if coverage is denied. Insurers typically settle rather than risk trial because plaintiffs’ attorneys can be awarded fee multipliers, as described in The Florida Bar. The state of Florida has the most insurance payouts in the country. In fact, according to WBUR, since 2013, insurance companies made $15 billion in payouts in Florida, but less than 10% of that went to policyholders; more than 70% of this number went to attorneys. In addition, more than 75% of all property insurance litigation in the entire country originates in Florida. This map illustrates the explosion of Florida lawsuits from 2013 to 2021. |
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