Gov DeSantis Signs Property Insurance Reform into Law wlrn.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wlrn.org Daily Mail and Mail on Sunday newspapers.
Governor Ron DeSantis signed a property insurance reform bill into law, June 11, following a roundtable discussion in Sarasota. Supporters of the measure say it will drive down property insurance rates in the long run, but opponents argue it will do just the opposite as well as make it easier for insurance companies to deny claims.
Updated: 1:14 PM EDT Jun 11, 2021 Jim Saunders, News Service of Florida Author Florida’s insurance commissioner said Friday he is seeing “positive signs” in the market as Gov. Ron DeSantis signed a property-insurance package passed by lawmakers in April.The measure (SB 76) is intended to curb roof-damage claims and lawsuits, while allowing larger rate increases for customers of the state-backed Citizens Property Insurance Corp. Lawmakers passed the bill as private insurers have raised rates and shed policies, with many homeowners turning to Citizens for coverage.At a bill-signing event Friday in Sarasota, Insurance Commissioner David Altmaier said he has seen changes from private insurers since lawmakers passed the measure, which will take effect July 1.“Carriers have brought in additional private market capital to re-bolster their balance sheets. We have seen positive news from the reinsurance markets with respect to the direction that reinsur
Florida Gov. Ron DeSantis on Friday officially signed into law reform legislation on property insurance and roofing contractor practices, a measure some