"The share of lawsuits against Citizens Property Insurance Corp. originating from South Florida has declined sharply. Lawsuits against the so-called insurer of last resort have declined statewide from 6,251 between January and July of 2021 to 3,600 during the same period this year, according to Citizens research. The percentage of cases filed in state circuit courts against Citizens from Broward, Palm Beach and Miami-Dade counties declined from 88% in 2020 to 55% during the first seven months of 2025, the research shows."
"In addition, the tricounty region was the source of 38% of 1,661 cases sent since 2024 to an arbitration panel that Citizens helps to fund. And the percentage of notices of intent to litigate against Citizens filed to the Department of Financial Services from the three counties declined from 82% in 2021 to 39% between January and July, Citizens' figures show."
Lawsuits against Citizens Property Insurance Corp. have declined statewide from 6,251 between January and July 2021 to 3,600 during the same period in 2025. The share of cases from Broward, Palm Beach and Miami-Dade counties fell from 88% in 2020 to 55% in early 2025. The tricounty region accounted for 38% of 1,661 cases sent since 2024 to an arbitration panel funded in part by Citizens. Notices of intent to litigate from the three counties dropped from 82% in 2021 to 39% between January and July. Legislative reforms in 2022 and 2023, fewer South Florida policies in Citizens, and limited recent hurricane activity contributed to the decline. Lower litigation costs encouraged 17 new insurers to enter the state and enabled most Florida-domiciled insurers to seek rate decreases or keep rates flat.
Read at Sun Sentinel
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