Florida long-term tort reforms exceed expectations
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Florida long-term tort reforms exceed expectations

Farhin Lilywala
31 May 2022
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The Florida homeowners’ market received some much-needed long-term relief through tort reform, but the market may fall apart before the reforms have a chance to work without sufficient reinsurance coverage.

The extension of state reinsurance support came in the form of a new structure, the Reinsurance to Assist Policyholders (RAP) program, which sources estimated provided half as much limit as prior lower-attaching bolt-ons to the Florida Hurricane Catastrophe Fund.

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Farhin Lilywala
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