Mar 26, 2025

The Cambo Ferry Law Firm has issued a warning that House Bill 1551 (HB 1551) could lead to the collapse of Florida’s private insurance market, potentially resulting in a reliance on inefficient state-run insurance systems. This announcement was made in a White Paper released on March 19.

According to the firm, if HB 1551 is enacted, it could reverse the stabilization progress achieved in Florida’s private property insurance market since 2022. The firm highlighted increased confidence among reinsurers and insurers following reforms aimed at reducing litigation and financial risk. Disruption to this progress, they argue, would jeopardize private sector participation and threaten the viability of affordable coverage options.

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