In a recent Business Insurance article examining the impact of Florida's tort reforms on the state's insurance market, industry leaders discussed how legislative changes enacted in 2022 and 2023 have helped curb litigation, improve market stability, and attract insurers back to Florida. The article highlights improved conditions across the property insurance sector, including declining claims litigation and increased insurer participation.
Discussing the reforms' impact on policyholder behavior, Fred Karlinsky, Chair of Greenberg Traurig's Global Insurance Regulatory & Transactions Practice, noted: “Consumers are trying to work things out on their own with their insurance provider, and that’s a good thing.”
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