In 2023, Governor Ron DeSantis and the Florida legislature passed historic lawsuit abuse reform legislation. Now, two years later, a new report shows that Floridians across the Sunshine state are reaping the benefits.

In the two years since lawsuit abuse reform was signed into law, Florida’s insurance premiums are rapidly declining. That means more money in everyday Floridians pockets and lower costs for Florida small businesses:

The Consumer Protection Coalition in a statement says legislative reforms approved two years ago are leading to steadying and declining premiums, as well as a drop in the number of policies held by Citizens Property Insurance Corp.

The reforms, which the state’s Office of Insurance Regulation (OIR) has been touting as well, include limiting how much attorneys can collect to cut down on lawsuits and working to expand the number of companies doing business in the state to create competition that will lower rates.

Right now, states across the country are debating passing their own lawsuit abuse reforms. Florida’s shining example shows the vast positive benefits passing lawsuit abuse reforms in their own states will bring.