Florida Gov. DeSantis on Market Changes Following Insurance Reform
Ron DeSantis stated that insurance reform in the state has contributed to the top five auto insurance groups reducing rates by 6.5% on average.
“As of the end of 2024, auto insurance had been arguably the most inflationary item of any of the baskets of things people look at for how households are being affected by inflation,”
He noted that the insurance market also benefited from faster catastrophe recovery, with declines in auto insurance rates being a rare occurrence in the country.
Author's summary: DeSantis discusses insurance reform impact.
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