Press Releases

STATEMENT RELEASE: JMI Releases New Insurance S⁠t⁠udy

By: Logan Padgett / 2019


November 5, 2019


Logan Elizabeth Padgett


JMI Releases New Insurance Study

TALLAHASSEE, FL – Sal Nuzzo, Vice President of Policy at The James Madison Institute, will speak today at the Florida Chamber’s 2019 Insurance Summit and discuss areas of reform needed to ensure the long-term health and stability of Florida’s insurance market.

Coinciding with Sal’s remarks, JMI is releasing “Finding the Right Lane: Next Steps for Florida in Practical Insurance Reform,” a paper authored by Christian Cámara, adjunct scholar at JMI and also a speaker at the Insurance Summit. The paper identifies two major areas of needed insurance reform: Florida’s bad faith laws, and personal injury protection (PIP).

This new policy brief describes how property and auto insurance rate increases have stemmed from stakeholders exploiting vulnerabilities in the law. The brief also summarizes the Florida Legislature’s actions in 2019 to curb property insurance fraud and abuse, and recommends ways policymakers can build upon those reforms to bring similar clarity to the state’s auto insurance system.

“With a population growth rate of more than 900 per day, it is imperative that Florida maintain a business climate that is supportive of free enterprise and forward thinking in adapting to the needs of Floridians. It’s why we are thankful for partnerships with groups like the Florida Chamber in the policy discussions that lie ahead.” – Sal Nuzzo, Vice President of Policy, The James Madison Institute

“After six years of failing to address a festering AOB crisis, the seventh year was the charm for the Florida Legislature, which finally enacted sensible reforms aimed at protecting consumers and tackling the fraud, abuse, and unnecessary litigation that were driving up property insurance rates for over a decade. Lawmakers should build upon last year’s meaningful AOB reforms by tackling the unnecessary auto insurance rate increases plaguing Florida drivers.” –Christian Cámara, Adjunct Scholar, The James Madison Institute

Click here to read “Finding the Right Lane: Next Steps for Florida in Practical Insurance Reform:”


Florida’s premier policy research think tank, The James Madison Institute is a 501(c)3 organization dedicated to the advancement of free markets and liberty. The Institute conducts research on such issues as criminal justice, health care, taxes, and regulatory environments.