Navigation Florida tort costs of nearly $6,000 per household expected to decline due to reforms, report predicts
Florida’s tort costs per household have ballooned to $5,768 per year, the third highest in the nation behind Delaware and Washington, D.C., based on 2022 data on lawsuit costs – the most recent numbers available.
But those statistics, contained in a study released last month by the U.S. Chamber of Commerce’s Institute for Legal Reform (ILR), don’t tell the whole story, the report’s authors say. That’s because they only show tort-reform trends in the state up to the year before the Legislature’s enactment of major legal reforms.
Lawsuit-abuse reforms passed in the Sunshine State in 2023 increased transparency in lawsuit damages awards, dealt with “billboard lawyer windfalls” and reduced incentives to file excessive litigation, the Nov. 20 report says.
