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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.