Study: Florida insurance market plagued by attorney fee-shifting
Today, Florida accounts for nearly 80% of the county’s insurance lawsuits
Additionally, ACI offered key recommendations that would attack litigiousness, close loopholes and protect consumers from rapidly increasing insurance premiums.
ACI is urging the Florida legislature to end or restrict the state’s one-way attorney fee statute. ACI also encourages legislators to close off attorneys’ next avenue for fee-shifting by prohibiting AOB vendors in first-party claim matters from filing Civil Remedy Notices against insurers.
The group says these reforms should tackle Florida’s litigious homeowner insurance environment and alleviate increasing premiums for consumers.
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