A. I. Benavidez News
Citizens Insurance CEO Cerio: 'Reforms brought the insurance market back from the brink'
Tim Cerio, CEO of Citizens Property Insurance Corporation, informed the board on December 4, 2024, that legislative reforms have stabilized Florida’s property insurance market.
Florida auto insurance rates expected to climb 18% amid concerns over third-party litigation funding
Florida drivers are projected to face an 18% increase in auto insurance premiums by the end of 2024, according to a recent Insurify report. The average annual cost of full coverage is expected to rise from $2,910 in December 2023 to $3,444, with third-party litigation funding (TPLF) and increased attorney advertising driving up insurance costs statewide.
Executive director of Florida nonprofit: ‘Civil lawsuit abuse is not a victimless impact’
Tom Gaitens, executive director of the Florida chapter of the nonprofit Citizens Against Lawsuit Abuse (CALA), stated in an April 30 op-ed that "civil lawsuit abuse" continues to negatively impact Florida's economy and taxpayers.