The R Street Institute has expressed its support for the continuation of Florida-style tort reform and increased transparency, considering these measures beneficial for insurance stakeholders and legal reform efforts.
Jerry Theodorou, director of the Finance, Insurance and Policy Program at the R Street Institute, said that Florida’s tort reforms have contributed to lowering insurance rates.
On March 5, Jerry Theodorou, Finance & Insurance Policy Director for the R Street Institute, said that two years after tort reform in Florida, abusive litigation has decreased by 40%, homeowners insurance rates have dropped by 5.6%, and new...