If Florida’s insurance market needed more indication that 2022 legislative reforms have made a big difference in the cost of doing business in the state, one of the biggest names in reinsurance has provided it. By the mid-2000s, the claims litigation field had become lopsided in favor of claimants’ lawyers, the report explained. '”By 2022, with homeowners’ premiums soaring by more than 45% in just a few years, and multiple Florida insurance carriers becoming insolvent, the Legislature and the governor listened to the industry and took action. The average combined ratio for Florida carriers dropped below 100% for the first time since 2015. The Gallagher Re report can be seen here.