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Wednesday, December 4, 2024

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Reform

Insurance Commissioner: New Florida budget supports ‘stable and competitive insurance market’

By A. D. Bamburg |
Florida Insurance Commissioner Michael Yaworsky stated in a June 13 press release that the budget signed by Governor Ron DeSantis supports the Office of Insurance Regulation’s (OIR) priority of strengthening the state’s insurance market.

Reform

Florida Chief Financial Officer on insurance prices: ‘there’s a light at the end of this tunnel’

By A. A. Sanchez |
Jimmy Patronis, Florida’s Chief Financial Officer (CFO) and State Fire Marshal, stated in a June 5 video on X that the state’s insurance market and the cost of insurance are improving due to litigation reforms spearheaded by State Representative Tom Leek and the state’s hurricane preparedness program.

Reform

Report finds Florida’s tort reform lowered lawsuit volume

By J. D. Suayan |
Consulting and research firm Sedgwick released a report titled "Liability Litigation" on May 31, just over one year after Governor Ron DeSantis signed tort reform bill HB 837 into law. Sedgwick found that HB 837’s enactment coincided with a decrease in lawsuit filings in Florida.

Reform

Third-party litigation funding continues to grow, Sedgwick report finds

By D. L. Deener |
A report issued by consulting firm Sedgwick on May 31 found that the practice of third-party litigation funding (TPLF) continues to grow, contributing to social inflation and raising concerns about foreign influence in the judicial system.

Reform

State Sen. Passidomo on insurance market: ‘the reforms passed in recent years are working’

By A. A. Sanchez |
Senate President Kathleen Passidomo stated in a May 16 memo to the Florida Senate that the state’s property insurance market is strengthening due to legislative reforms.

Reform

Consumers Defense executive director thanks ‘Florida policymakers who made comprehensive tort reform a reality’

By R. B. Pepalis |
Sal Nuzzo, executive director of the nonprofit Consumers Defense, expressed his appreciation for Gov. Ron DeSantis and other Florida officials who implemented tort reform measures last year. Nuzzo shared his May 21 statement in response to news that eight companies are reducing their property insurance rates in Florida this year.

Reform

Executive director of Florida nonprofit: ‘Civil lawsuit abuse is not a victimless impact’

By A. I. Benavidez |
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.

Reform

Tort reform leads to decrease in Florida’s 'nuclear' verdicts, according to report

By D. L. Deener |
Marathon Strategies, an independent public relations firm, has published a report suggesting that tort reform measures in Florida have led to a reduction in the number of nuclear verdicts, defined as jury verdicts exceeding $10 million. The report was released on May 3.

Reform

Florida Insurance Commissioner: ‘recent legislation is having positive impacts to the property insurance market’

By M. N. Tirado |
Florida Insurance Commissioner, Michael Yaworsky, recently announced in an April press release that newly implemented legislative reforms, such as the elimination of attorneys’ fee multipliers, are bolstering the state’s insurance market.

Reform

R Street insurance expert: Florida insurance market recovering after ‘reform legislation’ targeted ‘unmerited litigation’

By K. R. Nelson |
Jerry Theodorou, the Policy Director for Finance, Insurance, and Trade at the R Street Institute, has stated that Florida's insurance market has reaped benefits from legislative reform measures such as capping attorney's fee awards. These measures have led to a reduction in the volume of "unmerited litigation" within the state. Theodorou made this statement in a commentary on April 4.

Reform

Florida insurance expert on HB 837: ‘the plaintiffs’ bar went to great lengths to avoid application of the new laws to existing cases’

By E. F. Cullerton |
Michael Pagenta, Assistant Vice President of the reinsurance firm Gen Re, stated that Florida plaintiff’s attorneys filed "more than 70,000 lawsuits" in the week leading up to the enactment of tort reform bill HB 837. This action was taken in hopes of "avoiding application of the new laws to existing cases." Pagenta's statement was made in a March 25 post on Gen Re’s website.

Reform

Tort reforms help Florida to shed its 'Judicial Hellhole' designation

By Michael Carroll |
Florida has been a regular in the American Tort Reform Foundation’s annual Judicial Hellholes report for decades, but the latest ATRF report removed Florida from the dishonorable designation, citing recent legal reforms signed into law.

Reform

Appeals court: Public adjusters doubling as appraisers is limited by law

By Juliette Fairley |
Section 626.854 of the Florida Statutes outlines double duty limits

Reform

Sen. Rick Scott signs Moms for Liberty parental rights pledge

By Juliette Fairley |
The Moms for Liberty parent pledge was launched in Jan. 2021

Reform

SPLC monitoring school threat assessment rule for possible legal action

By Juliette Fairley |
The Marjorie Stoneman Douglas Public Safety Commission developed the rule after House Bill 543 was approved

Reform

NFIB: 'The most pernicious pressure for Florida business owners is wage inflation'

By Juliette Fairley |
NFIB released its Small Business Economic Trends report this week

Reform

CALA: If judge's ruling is upheld, cases filed to skirt tort reform law will be dismissed

By Juliette Fairley |
Hillsborough Judge Ann Leigh Gaylor Moe ruled that HB 837 applies retroactively

Reform

AAA to limit home insurance policies in Florida

By Juliette Fairley |
The American Automobile Association cited rising levels of risk as the reason for non-renewal of certain policies