Between 2017 and 2022, 11 property & casualty insurers domiciled in Florida were declared insolvent and placed into liquidation. In an attempt to restore stability to the marketplace, Governor Ron DeSantis issued a proclamation on April 26, 2022, calling the Florida Legislature into special session to reform Floridas Insurance Code. While the ensuing May special session yielded significant changes, including amendments designed to reduce fraudulent roof claims and to curtail the use of Assignment of Benefits (AOB) agreements and the award of attorneys fees, it was widely believed that the reforms did not go far enough. Support for this viewpoint was readily found in the number of carriers voluntarily choosing to cease writing policies …
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