Americans for Prosperity Foundation (AFPF) announced the rollout of a statewide mail and digital education campaign this week to help Floridians know the improvements in the state's insurance market following recent reforms to the market.
According to a release, the AFPF's campaign includes ways the state has controlled excessive litigation, eliminated one-way attorney fees, and hardlined consumer protections to help foster a healthier insurance marketplace for families, homeowners, and small businesses across the Sunshine State.
“Florida’s property insurance crisis called for meaningful reforms,” said Skylar Zander, State Director for Americans for Prosperity Foundation-Florida in the release. “We are now seeing that the market has stabilized. Newer insurers are writing property insurance policies in the state, and litigation costs are declining. We are even seeing many Florida homeowners receiving rate decreases to their premiums, helping to ease costs and bring some financial relief to Florida families.”
Moreover, the foundation specified Florida's insurance system had been "strained" by increasing litigation costs, insurers leaving the state, and an uptick in premiums for state families in recent years.
"When disaster hit, insurers stopped writing policies in the state, and rates skyrocketed out of control," the AFPF wrote. State leaders responded by enacting strong reforms designed to stabilize the system, reduce unnecessary costs, and improve long-term affordability."
The organization indicated the current campaign would help Floridians understand how the reforms are "beginning to work in practice."
The AFPF is a non-profit organization dedicated to "engaging and empowering" citizens on the civic and policy process for the betterment of their community, including through research, education, and grassroots outreach.
"The Foundation plans to continue educating Floridians on how reforms aimed at reducing premium costs for consumers and attracting insurers back to the state are contributing to a more stable and sustainable property insurance market," they concluded.
