Surplus Lines — A Safety Valve, Not A Substitute

Published February 15, 2022 • Florida Politics

The Florida property insurance market is facing systemic challenges. Rising insurance costs and decreasing availability in the property market are due to a number of compounding factors, namely rampant lawsuit abuse. In 2019, more than 76% of all claim-dispute lawsuits in the United States were in Florida, according to National Association of Insurance Commissioners (NAIC) data mined by the Florida Office of Insurance Regulation.