Floridians for Lawsuit Reform announced on X that Florida homeowners are beginning to see reductions in property insurance rates following legislative reforms from 2022 to 2023. These reforms have resulted in an average decrease of 10.3% in the Panhandle.
According to multiple measures, Florida’s property market has shown signs of stabilization after years of premium increases and insurer exits. Post-reform indicators include stronger reinsurance conditions, a reduction in Citizens Property Insurance Corporation’s policy count through depopulation, and more private carriers offering coverage. Business groups have noted an increase in filings with either decreases or no increases, suggesting that efforts to curb lawsuit abuse can lead to consumer relief. Right-leaning reformers argue these trends validate the legislative package from 2022 to 2023.
Local market data indicate tangible savings. Trey Hutt, a Panhandle agent, reports an average year-over-year rate drop of 10.3% for homeowners, along with the approval of 16 new insurers to write policies statewide. Although Florida premiums remain high compared to the U.S. average, increased carrier competition and fewer legal distortions are reversing the trend from double-digit hikes to broad stabilization and selective declines visible in renewal notices.
System metrics further reflect this shift. Citizens Property Insurance Corporation’s policy count fell to approximately 777,592 by June 20, 2025—a decrease of 36% from a year earlier—with exposure shrinking by 43%, indicating absorption by the private market. Data cited by the Office of Insurance Regulation (OIR) show personal-lines insurance litigation down nearly 25% in early 2025, easing cost pressures that affect rates. Together, these figures suggest a normalizing market as reforms take effect.
Floridians for Lawsuit Reform is a Florida-based advocacy group focused on civil-justice policy. The organization promotes transparency and reforms that align liability with fault to reduce costs for families and businesses. It educates voters and policymakers about contractor fraud and litigation-funding risks while supporting measures that enhance insurer competition and market stability—positions typically aligned with center-right governance priorities in Tallahassee.
