From Insurance Journal:

The hearing also brought up other sobering information.

Jerry Theodorou, director of the finance, insurance and trade policy program at R Street, a think tank that has studied Florida’s insurance troubles, said that his research shows that the national average for insurer defense and defense costs is about 1.2%.

“In Florida, it’s 6%,” Theodorou said. “That’s extremely high.”

The average combined ratio, a measure of profitability, in the country is 103%. In Florida, it’s 120%, and many Florida insurers have been unable to make up underwriting losses through investment income, he said.