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Looking to stabilize market, Senate passes property insurance overhaul

After nearly five hours of discussion and debate, the Senate on Tuesday passed a bill with major changes to property insurance laws. The bill (SB 2A) contains provisions designed to bolster a beleaguered market. But critics allege the measure harms consumers in the process...

Florida Lawmakers Debate Proposals to Save Cratering Homeowners Insurance Market – Commercial Observer

Florida lawmakers convened Monday for a special legislative session in a bid to rescue the state’s crumbling home insurance market. A slew of insurance companies are near bankruptcy after years of losses, and after two hurricanes hit the Sunshine State this season. At least six...

Florida lawmakers hope to fix home insurance market in special session – WPEC

The future of insurance in florida lies within two bills housebill 1-a and senate bill 2-a, each more than 100 pages long.While this is a step in ... Source link

Special Session gets underway focusing on property insurance and tax relief – Yahoo News

Florida's special legislative session on property insurance begins Monday. State lawmakers will be together for a week-long special session and ... Source link

Property insurance, property tax relief focus of Florida special session

MIAMI – Florida’s special session begins Monday and lawmakers are focused on property insurance and property tax relief in the wake of the hurricane season.As of Sunday, there are still no specific bills for the session, but the priorities are clear -- how...

Legislators have goals for fixing Florida’s property insurance market

Florida’s property insurance market is in free fall.Florida homeowners pay property insurance rates that are three times the national average. Six companies have become insolvent and left the state in the last year. Citizens Property Insurance, the state-run insurer of last resort, now...