Things are heating up for property and casualty insurers in Florida. The reason? They’re finding themselves embroiled in a growing number of lawsuits, a trend noted by Law.com Radar. And as the suits stack up, three law firms are gaining more and more prominence in the landscape.
One among these firms is Fowler White Burnett, whose partner and insurance practice group head, Michael Pennekamp, has noted a pattern. After economic downturns and specific major events, he always observes a surge in litigation. The insurers at the heart of the current storm include major players like State Farm and Allstate. They’re principally dealing with the aftermath of Hurricane Ian, a deadly Category 5 storm.
As of mid-September, nearly 100 federal lawsuits had been leveled against these insurers. With the hurricane season far from over, the legal communities are watching the situation closely. The coming months could reveal more about the evolving scenario and offer insights into how the insurance industry might adapt to such challenges.