Written by In 2023, the Governor and Florida’s legislative leaders passed a comprehensive reform package that addressed major drivers of insurance premiums, such as unfair attorneys’ fees, “phantom damages” for medical expenses, and modernization of Florida’s comparative fault statute, among other things.
The results speak for themselves. Major auto insurers recently filed for premium reductions: State Farm (-10.1%), Florida Farm Bureau (-8.7%), AAA (-15%), Progressive (-8%) and USAA (-7%).
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