Property insurance insider: we will know if tort reform is effective within 18 months

Scott Johnson, an insurance industry veteran, told The Capitolist on Tuesday that the effects of recent tort reform measures in Florida will be detected within 18 months, with signs of improvement already visible to insurance companies and actuaries. Johnson points to the reduction in the number of lawsuits filed against insurers as a key metric for measuring the effectiveness of the reform measures. Since the reforms were signed into law, Florida has seen the approval of new private insurance companies entering the market, potentially increasing competition and offering homeowners lower rates. However, the full impact of these changes is yet to

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