Most Americans fear insurance costs spiraling due to ‘excessive lawsuits’ as family-of-four price tag hits more than $6,500

Think hurricanes, wildfires, and car accidents are the only reasons why the average American is worried about rising insurance premiums? Think again.

Excessive lawsuits have emerged as a major source of concern for policyholders across the country, according to a recent survey from the Independent Insurance Agents & Brokers of America (Big I).