Mid-America Catastrophe Services

Florida P&C Insurers See Drop In Litigated Claims

 Monday, January 17, 2022

 Reinsurance News

New data from claims litigation management software provider, CaseGlide, shows that the number of new litigated claims dropped 7% between November and December 2021, for Florida’s largest P&C insurers.

Analysts noted that December’s number also represents a 49% decrease from July’s high of 6,663 new litigated claims.

Of the 17 largest Florida insurers that CaseGlide regularly monitors, 11 registered a month-over-month decrease in new litigated claims for December.

Three insurers registered a decrease of greater than 20% month-over-month, and three had decreases between 10% and 19%.

One insurer experienced an increase of 28%, four had increases between 1% and 5% and another showed no change month-over-month.