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Changes to insurance laws impact homeowners rates, attorney fees, claim filing, more
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Florida leaders try to tame soaring property-insurance premiums with reform bill
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Florida Legislature passes property insurance revamp, sends to Gov. DeSantis Jim Saunders © Jirsak, Getty Images/iStockphoto Property (family house) insurance protection concept.
TALLAHASSEE Grappling with problems in the property-insurance market, Florida lawmakers Friday passed a plan that could lead to larger rate increases for customers of the state-backed Citizens Property Insurance Corp. and steps to curb roof-damage claims and lawsuits.
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But the plan was not as far-reaching as a Senate proposal that would have effectively shifted more costs to many homeowners when they sustain roof damage.
Senate Banking and Insurance Chairman Jim Boyd, R-Bradenton, said everybody “had to give a little bit” in negotiations over the bill (SB 76). But he said it would bolster an insurance market that has seen wide-ranging rate increases and policies pouring into Citizens Property Insurance.
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Florida lawmakers passed a plan that could lead to larger rate increases for customers of Citizens Property Insurance Corp. and steps to curb roof-damage claims and lawsuits.
Grappling with problems in the property-insurance market, Florida lawmakers Friday passed a plan that could lead to larger rate increases for customers of the state-backed Citizens Property Insurance Corp. and steps to curb roof-damage claims and lawsuits.
But the plan was not as far-reaching as a Senate proposal that would have effectively shifted more costs to many homeowners when they sustain roof damage.
Senate Banking and Insurance Chairman Jim Boyd, R-Bradenton, said everybody “had to give a little bit” in negotiations over the bill (SB 76). But he said it would bolster an insurance market that has seen wide-ranging rate increases and policies pouring into Citizens Property Insurance.
Floridaâs property insurance revamped by lawmakers
The bill could lead to larger rate increases for customers of the state-backed Citizens Property Insurance Corp. and steps to curb roof-damage claims and lawsuits.
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By Jim Saunders
Updated Apr. 30
TALLAHASSEE â Grappling with problems in the property-insurance market, Florida lawmakers Friday passed a plan that could lead to larger rate increases for customers of the state-backed Citizens Property Insurance Corp. and steps to curb roof-damage claims and lawsuits.
But the plan was not as far-reaching as a Senate proposal that would have effectively shifted more costs to many homeowners when they sustain roof damage.
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