Tort reform lowers costs for Florida residents, but concerns over litigation financing linger
Legal reforms have lowered the “tort tax” in Florida, cutting costs for residents, though issues like third-party litigation financing and foreign judicial influences persist.
During a press conference on Wednesday, Tom Gaitens, Executive Director of the Florida Chapter of Citizens Against Lawsuit Abuse (CALA) pointed to significant reductions in the “tort tax” — costs that were embedded in all goods and services across Florida — which have now decreased to $1,056 per individual on an annual basis and $4,000 annually for a family of four.
Moreover, Gaitens pointed to improvements within Florida’s insurance sector, an area particularly affected by the inefficiencies of the previous tort syste...
