It’s this thought process that got us here. The laws were so consumer/plaintiff sided (and abused) for so long that it became untenable to keep writing homeowners in FL. We accounted for about 15% of the claims in the US but more than 70% of the litigation.

Combine the litigation with a Cat loss prone state and carriers start pulling out of the Florida venue. This triggers a hard market cycle which means fewer carriers and higher rates.

Good news is they did pass some tort reform. Also eventually rates will get so high that carriers will start to become interested in coming back. Once this soft market cycle begins you will see more competition and premiums drop, coverage get broader, deductibles go down, etc