Revealed – where the majority of US property insurance lawsuits are filed

In his open letter, Altmaier said that the Florida Office of Insurance Regulation (OIR) had collected data from the National Association of Insurance Commissioners (NAIC) Market Conduct Annual Statement (MCAS) Data Call, in order to discover insights on litigation trends in the state’s insurance market.

Citing the most recent MCAS data, Altmaier said that Florida accounted for 8.16% of all homeowners’ insurance claims opened by insurance companies in 2019. However, during the same year, Florida accounted for a whopping 76.45% of all homeowners’ suits opened against US insurers.

This disparity has not escaped the attention of the OIR, which continues

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