Florida lawmakers last week made changes that will provide “much needed relief” in the troubled property-insurance system, but effects of the legislation won’t be immediate, the AM Best financial-rating agency said in a new report. The report pointed to parts of the new law designed to curb litigation, which insurers have long blamed for driving up costs.
Florida lawmakers last week made changes that will provide “much needed relief” in the troubled property-insurance system, but effects of the legislation won’t be immediate, the AM Best financial-rating agency said in a new report. The report pointed to parts of the new law designed to curb litigation, which insurers have long blamed for driving up costs.