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Florida Legislature Passes Major Changes to Auto, Property Insurance Markets The actions follow weeks of back-and-forth debate on the proposals between the House and Senate chambers. Stakeholders say neither of the potential new laws will do enough to accomplish lawmakers’ goals of reducing rates or weeding out fraud in their respective insurance industries. Both bills are now headed to Governor Ron DeSantis, who will have to sign them before they can become law. The bill attempts to address some of the issues plaguing the state’s homeowners insurance market in which insurers lost more than $1.5 billion in last year. It passed Friday in the Senate by a vote of 35 to 5 and 75 to 41 in the House.

United statesLocke burtJeff brandesMichael carlsonRon desantisBob rommelDanny burgessDavid altmaierInsurance federation of floridaFlorida office of insurance regulationFlorida supreme courtCitizens property insurance corpFlorida legislatureAmerican property casualty insurance associationConsumer protection coalitionGovernor ron desantis