In Florida, state-run insurer Citizens directly competes with the private insurance market and is the largest carrier in the state. (Photo: bilanol/Adobe Stock)
Florida Governor Ron DeSantis and the state's lawmakers recently proposed comprehensive litigation reform in the hopes of resuscitating the long-troubled Florida insurance market. On the heels of SB 2-A that eliminated one-way attorney fees and assignment of benefits for all property insurance claims, the new proposal seeks to eradicate one-way attorney fees for all lines of insurance and attorney multipliers that incentivize frivolous lawsuits. The effort aims to restore business conditions in an infamously unfriendly insurance environment.
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