Florida passes reforms to address home insurance crisis
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Florida's home insurance crisis was caused by excessive litigation, earning the state a bad legal reputation.
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Recent reforms signed by Gov. DeSantis aim to address the litigation problem and stabilize the market.
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Allowing the free market to work, rather than government intervention, is key to solving the insurance affordability crisis.
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There are promising signs the market is recovering due to the reforms, with new entrants and decreased litigation.
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Further government intervention could undermine progress; time and oversight are needed to let reforms take effect.