The number of lawsuits filed against Florida property insurers has plummeted by nearly 24% in the first three quarters of 2024 compared to the same period last year, suggesting that legal reforms passed by the state Legislature are having an impact.

The statistics come from an analysis by Guy Carpenter & Co., a reinsurance brokerage, which compiled the data for a client using public sources such as Florida Department of Financial Services data and the chief financial officer’s website. The statistics were recently published by the South Florida Sun-Sentinel.

The number of litigated claims dropped by 23.8% between those nine-month periods of 2023 and 2024 (36,639 lawsuits last year vs. 27,923 in the latest figures). Comparing the same periods of 2021 and 2024, the decline is even greater, 58.8%.

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