Florida Homeowners Premium Growth Slowsas Reforms Take Hold, Inflation Cools
Triple-I: Homeowners Insurance
JUNE 26, 2024
Homeowners insurance premium growth in Florida has slowed since the state implemented legal system abuse reforms in 2022, according to a Triple-I analysis. As shown in the chart below, average annual premiums climbed sharply after 2020. This was due in part to inflation spurred by the COVID-19 pandemic and the war in Ukraine as well as longtime challenges in the state with claim fraud and legal system abuse.
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