May 4, 2022 | Legal Alerts
Rising Litigation Pushing Insurers to the Brink of Insolvency
While plaintiffs’ lawyers like to continuously point their fingers at insurance companies, the reality is that insurers must contend with a number of minefields and difficulties on all sides. When insurance companies deny claims, they are portrayed as heartless and penny-pinching; however, increases in fraud and litigation have made things precarious for Florida’s homeowners' insurance companies. Now, many of them are on the verge of bankruptcy and could go out of business without help from the Florida Legislature.