Insurance premiums in New York continue to rise due to demographic shifts, weather risks, and broader economic pressures. As policymakers consider solutions, lessons from other states offer important insight. Florida, for example, has faced significant challenges tied to insurance fraud and litigation abuse, which have driven higher costs for consumers. Despite accounting for a small share of claims, the state has led the nation in insurance-related lawsuits. In response, Florida has enacted reforms since 2019 to curb fraud and legal system abuse. These actions provide a useful case study for addressing cost drivers and improving market stability.
(As of March 23, 2026)
