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Florida Legislature passes property insurance revamp, sends to Gov DeSantis

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. Popular Searches 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.

Florida Legislature: Rate increases for Citizens policyholders could gradually get higher

Florida Legislature: Rate increases for Citizens policyholders could gradually get higher
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