Flood of Florida lawsuits ‘last hurrah of dying cottage industry’: HCI’s Patel
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Flood of Florida lawsuits ‘last hurrah of dying cottage industry’: HCI’s Patel

Rachel Dalton
26 April 2023
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The sudden, dramatic uptick in insurance lawsuits brought in Florida in March was the “last hurrah of a dying cottage industry” ahead of the enactment of the state’s tort reforms, according to HCI.

The Floridian carrier’s CEO, Paresh Patel, said the deluge of 280,122 lawsuits in March – 126.9% higher than the previous record of May 2021 – was the litigation sector’s last attempt to profit from the state’s insurers.

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Rachel Dalton
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