Among the reasons that carriers have been struggling in Florida are a host of natural disasters, a tsunami of fraudulent claims and lawsuits against insurers that have had a devastating impact. According to a 2019 Florida Office of Insurance Regulation study, the state represented 76.45% of the nation's lawsuits. Among the reasons that carriers have been struggling in Florida are a host of natural disasters, a tsunami of fraudulent claims and lawsuits against insurers that have had a devastating impact. According to a 2019 Florida Office of Insurance Regulation study, the state represented 76.45% of the nation's lawsuits. (Photo: Mia2you/Shutterstock.com)

Hopes for any relief in Florida's property insurance market this year have been dashed by legislators as capacity continues to tighten and the situation grows more dire for insureds and insurers alike.

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