Reform Works
Other states acted. Consumers saved.
Florida and Georgia curbed lawsuit abuse. What followed wasn't theoretical — insurers filed rate cuts, credits went out, and competition came back. Here's the receipt.
Florida · 2023 —
Nearly $1B
back to policyholders.
In Progressive policyholder credits after Florida's 2023 reforms.
Roughly 2.7 million policyholders received credits. USAA returned nearly $1B in savings.
Source — Florida Office of Insurance Regulation filings·2024
- — Progressive and other large insurers announced reductions of ~7–8%
- — Carrier reductions in some categories ranged from ~7% to ~20%
- — Florida fell from the #2 nuclear-verdict state to roughly #10
- — New insurers entered the market, increasing competition
Georgia · 2025 —
~$400M in annual
rate savings.
In annual State Farm rate savings after Georgia's 2025 reforms.
A separate State Farm dividend added roughly $279M for Georgia policyholders.
Source — Georgia Office of Commissioner of Insurance filings·2025
- — Allstate: ~5% reduction
- — Travelers: ~10.1% reduction
- — Liberty Mutual: ~5.7% reduction
The lesson —
When lawmakers restore predictability, insurers compete.
Rates stabilize. Credits come back. New carriers walk in. It's not a mystery — it's what happens every time a state stops rewarding inflated claims and starts pricing risk honestly.