Quote:
Originally Posted by CoachKandSportsguy
https://www.iii.org/sites/default/fi...f_05082024.pdf
FL turned into an unprofitable location starting in 2017. . :yikes:
Part of the reason is that FL has 1 lawsuit per 300 policies, and the rest of the country has 1 lawsuit per 13,000 policies.
FL has 82% of the lawsuits of the entire country. . .
(third world state/country legalized corruption) FL legislature run by pandering lawyers to legal friends, family and colleagues. . .
|
Florida has had a 'pandering lawyer' problem for literally decades. The costs associated with that problem have been baked into the premium pie for quite some time.
I think the current insurance crisis is related more to mostly property and to a small degree, auto insurance. Property insurance costs have gone up 250% in the 10 years I've been here. Personal Liability Umbrella less than 50% during that same time.