Florida consumers ‘flabbergasted’ as property insurers push for double-digit rate hikes

By┬áSuzanne Barlyn (Reuters) – Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue by allowing courts to award them big fees. The rate increases in Florida, the third-largest property insurance market among U.S.…