Home Insurance in FL

Shady roofers and even shadier lawyers.

… let’s look at what Floridians face: skyrocketing property insurance premiums, up 25 percent from 2020 to 2021 on average, but in some cases tripling in one year …

In the past 12 months, more than 400,000 Florida home policies have been dropped, most of them in the past 90 days …

Then, there’s runaway litigation if a claim is denied or disputed. Florida has 9 percent of the country’s property claims, but it accounts for nearly 80 percent of the nation’s property insurance lawsuits …

?Why? Because Florida law allows plaintiff lawyers to be awarded 2 to 2½ times their usual hourly rate for property insurance lawsuits. …

Property insurers in Florida paid out $15 billion in claims costs between 2013 and 2020. Eight percent of the money went to consumers, and 71 percent went to lawyers.

State Sen. Brandes said the House’s reluctance is simple to explain: Legislators — many of them lawyers themselves — don’t want to upset trial attorney donors.

Maybe Mickey needs to hire more more trial lawyers to get on the state legislator’s good side?

AW

https://www.washingtonpost.com/opinions/2022/05/19/florida-p…

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