Industry report blames attorney fees for state’s property insurance woes

The new report from the Insurance Information Institute backs up what critics have long said is the root cause of Florida’s property insurance problems.

  • By Louis Llovio
  • | 10:30 a.m. August 10, 2022
  • | 0 Free Articles Remaining!
New industry report blames attorney fees for state’s property insurance problems. (File photo)
New industry report blames attorney fees for state’s property insurance problems. (File photo)
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A new report bears out what many observers, professional and otherwise, have been saying for years: The reason Florida taxpayers pay so much for property insurance is attorney fees.

According to the Insurance Information Institute, Florida homeowners pay, on average, $4,231 in premiums. That’s three times what the average is in the U.S. — $1,544.

 

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