• What happened: Plaintiff’s firms’ aggressive tactics to inflate damages in insurance-related litigation have led to an 80% increase in average bodily injury claims since 2014 and contributed to $4 billion in commercial auto insurance costs in 2021.
  • These abusive lawsuits, paired with other external market pressures—like inflation and costlier natural disasters—are leading to unsustainable insurance markets across the country.
• Sticker shock: Nationwide, auto insurance rates have surged by 46.2% since January 2020, while homeowner premiums have risen by 37.8% since 2019.
• In Texas, homeowner premiums have spiked by 54.5% since 2019, ranking it as the third highest increase among all states in the country.
• Around the country: Gov. Ron DeSantis implemented legal reforms in 2022 to stabilize Florida’s insurance market. These reforms resulted in a smaller increase in homeowner premiums despite remaining significantly higher than the national average.
  • In 2021, Florida saw over 100,000 lawsuits totaling $7.8 billion in damages, surpassing all other states combined, driving up homeowner premiums.
• What about Texas? Texans are no strangers to severe weather – that’s why we pay some of the highest property insurance rates in the nation. This lawsuit abuse has serious consequences for every property insurance consumer in our state.

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