Floridians for Lawsuit Reform announced that Florida’s 2022 and 2023 litigation reforms are helping the state’s insurance market recover, driving lower premiums, more competition, and improved coverage accessibility for residents.
According to Floridians for Lawsuit Reform, the state’s insurance market is showing signs of recovery due to these reforms affecting property and auto lines. The organization reported a sharp decline in lawsuits tied to personal insurance, numerous rate decrease filings by regulators, an increase in competition with 17 new insurers entering the market, and a significant drop in Citizens’ policy count to its lowest level in over a decade. These changes are expected to benefit residents through reduced costs and more coverage options.
The Florida Office of Insurance Regulation indicated that the top five auto insurance groups in the state have projected an average rate decrease of 6.5 percent for 2025. This reduction is attributed to decreased litigation costs stemming from the 2023 reforms. State Farm has implemented multiple rate decreases totaling over 20 percent since fall 2024 for its Florida customers, thereby enhancing affordability and making coverage more accessible for drivers.
A Milliman analysis revealed that tort reforms in Florida and Georgia have led to reduced claim frequency and severity. In Florida, the average rate increase dropped from 21 percent in 2023 to just 0.2 percent in 2025. Nationally, such reforms are addressing social inflation, contributing to lower premiums and improved market stability across the United States.
Floridians for Lawsuit Reform is a 501(c)4 organization formed by Floridians advocating for lawsuit reform policies aimed at promoting economic growth and reducing frivolous litigation. The group focuses on educating both the public and policymakers about the impacts of legal system abuse while supporting measures designed to stabilize markets and improve affordability through targeted reforms.
