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Florida litigated claims up 12% through March: CaseGlide

19th April 2022 - Author: Matt Sheehan

New data from claims litigation management software provider CaseGlide shows that the number of new litigated claims rose by 12% for Florida’s largest property and casualty (P&C) insurers through the month of March.

The figure comes after CaseGlide data previously showed a downward trend in litigated claims through February, with November and December of 2021 also having seen claims fall.

March’s figure of 4,551 new claims represents the second highest number of cases registered since the sharp drop off after Senate Bill 76 took effect in July of 2021.

January 2022’s 4,595 remains the highest monthly total during that period.

Of the 16 largest Florida insurers monitored by CaseGlide, all but four showed a month-over-month increase in March, with one showing no change and three recording declines of between 5% and 14%.

Stratumn, by SIA Partners

For those insurers who showed an increase, two were greater than 30% month-over-month, and five were between 20% and 30%.

For Notices of Intent to Initiate Litigation (NOIs) received by the same insurers, March figures reflected an increase of 484 or 12%, to 3,395, up from February’s total of 2,740. According to CaseGlide, NOIs have increased monthly since July 2021 when the data first became available.

Combined new litigated cases and NOIs increased 17% month-over-month from February’s figures.

“The trend line for combined new litigation and NOIs has been on an upward trajectory since December,” said Wesley Todd, CEO of CaseGlide. “Add to that the increase in percentage of AOB, the highest we’ve recorded since mid-2019, and we continue to see cause for concern for the industry in Florida. We’re also monitoring closely the call for a proposed property insurance special session in the Florida legislature and will comment on that as the situation progresses.”

AOB cases as a percentage of total new litigated cases in March increased to 37% from 34% in February, although AOB percentage of total cases has not been higher than 37% since August of 2019 when it reached 44%.

Year to date, the top 10 AOB contractors in the state represent 31% of all AOB-related new litigated claims, with the top contractor responsible for 10%.

CaseGlide also found that the percentage of litigated claims across Florida counties has remained mostly steady in March, with Miami-Dade County representing 25% of new litigated cases, Broward County following at 16% and Hillsborough County, Palm Beach County, and Orange County each at 7%.

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