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Since 2013, $15 billion has been paid out in claims in Florida – 71% of which went to attorney fees, 21% paid for insurers’ defense costs and just 8% went to property owners for their losses. (Credit: photoschmidt/Adobe Stock) Since 2013, $15 billion has been paid out in claims in Florida – 71% of which went to attorney fees, 21% paid for insurers’ defense costs and just 8% went to property owners for their losses. (Credit: photoschmidt/Adobe Stock)

Editor’s note: Part two of this article will appear on PropertyCasualty360.com Wednesday, December 29, 2021.

Experienced members of the property & casualty insurance industry will tell you that the U.S. can be divided into three parts: 49 States, Florida and South Florida.

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