Florida Citizens Property Insurance spent $100 million in legal fees in the past two years, according to the Miami Herald. In a report released by the insurer, Citizens says its legal bills are rising because of a handful of aggressive South Florida law firms that have targeted the insurance giant with water-damage claims in a hurricane-free year.
According to the report, Miami-Dade county “accounts for 33 percent of all reported claims and 60 percent of all litigated claims statewide,” with the bulk of those claims coming from water-damage losses.
The 44-page report found that Citizens spent $64 million in defense fees in 2012 and has already spent $46 million on defense lawyers and fees this year.
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