Wesley Todd on the Litigation Epidemic Disrupting The Florida Insurance Marketplace

– Mold is Gold

Florida’s insurance market is a mess! How did this happen?

This this debut episode of the Assignment of Benefits podcast, host Nick Lamparelli discusses the history of mass litigation in Florida and its devastating affects on the Florida insurance marketplace with Wesley Todd, CEO of CaseGlide (St. Pete, FL)

From Hurricane Andrew to “mold is gold” to the mass litigation of sinkholes, to Assignment of Benefits and one-way attorney’s fees, all the way up to the recent carrier insolvencies and legislation to minimize the excessive litigation occurring post Irma.

We examine:

  • Why does this keep happening to Florida?
  • The incentive structure that encourages litigation?
  • What this does to insurance rates and capacity
  • And how the most recent reforms are already showing headwinds for new litigation

The Assignment of Benefits podcast was:

About Nick Lamparelli

Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist.

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