Gov. Ron DeSantis expressed confidence that a special legislative session will help stabilize Florida’s property insurance system, but the troubled market is taking another blow as a group of companies is poised to cancel more than 68,000 policies.
The Flor ida Off ice of Insurance Regulation will hold hearings May 17 on proposed rate hikes by First Floridian Auto and Home Insurance Co., Kin Interinsurance Network and Florida Farm Bureau General Insurance Co. and Florida Farm Bureau Casualty Insurance Co.. Key issues during the session could include trying to help companies obtain reinsurance, which.
The hearings will come less than a week before the May 23 start of a special legislative session that Gov. Ron DeSantis called to grapple with widespread problems in the insurance market.
The hearings will come less than a week before the May 23 start of a special legislative session that Gov. Ron DeSantis called to grapple with widespread problems in the insurance market.