Blaise Ingoglia, Chief Financial Officer for the State of Florida, said that the state’s historic insurance reforms are prompting insurers to reduce rates and return rebates to policyholders. This announcement was made in a public statement.
“It is obvious that Florida’s historic reforms are working,” said Ingoglia. “Insurance companies are announcing insurance rate reductions while at the same time providing rebates back to their customers.”
Florida’s leadership implemented extensive insurance and tort reforms starting with Senate Bill 2A and subsequent legislation in 2023. These measures aimed to address abusive lawsuits, fraud, and assignment-of-benefits schemes that had previously increased premiums and driven carriers out of the state. The reforms focused on eliminating one-way attorney fees, tightening bad-faith standards, and streamlining claims handling to stabilize the market and lower consumer costs. Supporters highlight improving rate trends and renewed insurer interest as evidence that Florida presents a national model for restoring competition and affordability.
According to Florida’s Office of Insurance Regulation, for 2025, the state’s top five auto insurance groups, which represent approximately 78% of the market, have filed average rate decreases of 6.5%. This follows a 4.3% average increase in 2024 and a significant 31.7% surge in 2023. Regulators attribute this sharp turnaround to recent litigation reforms that reduced attorney-fee exposure and fraud, particularly in auto-glass and injury claims. Industry analysts describe Florida as an unusual major state where personal-auto premiums are now trending downward, reinforcing Ingoglia’s assertion that disciplined legal reform can result in tangible savings for drivers.
Building on these rate reductions, Governor Ron DeSantis announced that Progressive will return nearly $1 billion to Florida auto policyholders, with average rebates around $300. He credited the reforms from 2022–23 for reducing frivolous litigation and improving insurer loss ratios. Other major carriers such as State Farm and AAA have also introduced double-digit reductions in auto and homeowners rates due to lower legal costs and a more predictable marketplace. Commentators observe that no other large state has achieved such broad-based reductions yet, positioning Florida’s reforms as a potential template for national tort and insurance policy discussions.
Ingoglia serves as Florida’s Chief Financial Officer, State Fire Marshal, and a member of the Florida Cabinet. He oversees billions of dollars in taxpayer assets while leading the Department of Financial Services. A long-standing conservative leader, he has previously served in both the Florida House and Senate while chairing the Republican Party of Florida. As CFO, he focuses on insurance affordability, fraud prevention, financial transparency, working closely with Governor DeSantis to advance reforms aimed at strengthening Florida’s economy and providing relief to consumers.
