[yold__]

Your post is completely off-topic. The paper includes a great discussion about how the property insurance crisis in Florida dates back to Hurricane Andrew in the 90s, not a court decision in 2017. The issue raised in the paper isn't climate change, its weakly capitalized insurers and the conflict of interest created by one particular rating agency (Demotech), that is giving sketchy insurers clean bills of health that allow them to operate.

Tort reform in Florida is a bandaid. The state-run insurer is creating serious market distortions by undercharging for the risk, accumulating very large proportions of the state homeowners insurance policies (since no one else will), and then offloading the policies to undercapitalized insurers while looking the other way about their poor financial condition. When Citizen's claims are in excess of its reserves, the legislature steps in and taxes the rest of the state to cover the shortfall. I'm guessing when the other insurers become insolvent, the shortfall is offload to the state guarantee fund (possibly on the taxpayers dime). This is all covered in the paper.