Mid-America Catastrophe Services

Florida Moves To Tackle Insurance Lawsuit Abuse

 Tuesday, March 14, 2023

 Insurance Business

The National Insurance Crime Bureau (NICB) has applauded the Florida House Judiciary Committee and the Senate Committee on Banking & Insurance for passing two significant bills aimed at reducing insurance lawsuit abuse.

House Bill 837 and Senate Bill 236, supported by Governor Ron DeSantis, Senate President Kathleen Passidomo, and House Speaker Paul Renner, seek to establish reforms that will eliminate one-way attorney fees, limit injury and insurance litigation, modernize bad faith laws, stop inflated jury awards, and reveal the true cost of medical care provided to injured people.

A press release from NICB called the bills ‘meaningful’ lawsuit abuse reform legislation and said they will go a long way to ‘stabilizing Florida’s insurance market.’

‘Insurance fraud and abuse is rampant in the state of Florida, costing homeowners and insurance carriers billions of dollars each year,’ said NICB president and CEO David J. Glawe.

‘We thank the bill sponsors for advocating on behalf of Florida’s consumers and for working together to stabilize the Florida insurance market and address the decades-long fraud and abuse that has plagued the state. NICB fully supports this legislation.’

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