Lowering Insurance Costs

Few issues hit closer to home for families in Florida's 16th District than the skyrocketing cost of insurance. Whether it is homeowners insurance in Bradenton, auto coverage in Riverview, or business liability policies in Lakewood Ranch, Floridians are paying more than ever just to protect what they have worked so hard to build. John Peters is committed to delivering real reform that brings premiums down and restores fairness to the insurance market.

The Insurance Crisis in Our District

Florida homeowners are paying some of the highest insurance premiums in the nation. In communities like Sun City Center, Anna Maria Island, and Holmes Beach, many seniors on fixed incomes are being forced to choose between keeping their coverage and paying for basic necessities. Meanwhile, families in Palmetto and Ellenton are seeing their premiums double or triple in just a few years, with no end in sight.

The root causes are clear: excessive litigation, frivolous lawsuits, and a legal environment that rewards abuse rather than accountability. Florida has long been a target for lawsuit mills that inflate claims, drive up costs, and ultimately pass those costs on to every policyholder in the state.

John Peters' Plan to Lower Premiums

John Peters supports comprehensive tort reform at the federal level to curb the abusive litigation practices that are driving insurance costs through the roof. This includes supporting caps on punitive damages in insurance-related lawsuits, requiring transparency in how legal settlements are calculated, and cracking down on fraudulent claims that cost honest policyholders billions every year.

Beyond legal reform, John supports encouraging greater competition in the insurance marketplace. When insurers have to compete for your business, premiums come down and service improves. He will fight for policies that allow families in Brandon, Valrico, and Fish Hawk to shop across state lines for the best coverage at the best price.

Protecting Homeowners and Small Businesses

For small business owners along the Gulf Coast and throughout eastern Hillsborough County, rising liability insurance costs are a direct threat to their ability to operate. John Peters understands that when insurance costs go up, businesses cut hours, reduce staff, or close their doors entirely. His plan targets the systemic problems in the legal system that make Florida one of the most expensive states for liability coverage, while ensuring that legitimate claims are still honored fairly and promptly.