Newly Litigated Florida Claims & AOB Percentage Of Them Rises
Thursday, July 21st, 2022 Litigation PropertyThe latest monthly data from CaseGlide shows a resurgence in newly litigated property insurance claims at Florida’s largest P&C insurers, while the percentage of litigated claims related to the assignment of benefits (AOB) rose further.
The latest data update from CaseGlide, a company that tracks property insurance related litigation trends in the state of Florida, shows that in the month of June 2022 the number of new litigated claims rose 5.3% from May, to 4,261 for the period.
This is ‘in line with a pattern seen since January for new litigated claim figures hovering between the low to mid 4,000s,’ CaseGlide explained.
A month ago, CaseGlide cautioned that it could take some quarters for the property insurance reforms enacted by the legislature in Florida to deliver any meaningful benefits to insurance and reinsurance interests operating in the state.
