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Florida lawmakers eye changes to property insurance in wake of soaring rates


Florida lawmakers eye changes to property insurance in wake of soaring rates
The bill would reduce the time to file a claim from three years to two.
 
 
The Florida Legislature created state-run Citizens Property Insurance Corp. to serve property owners who couldn t find coverage elsewhere.
Updated Apr. 28
TALLAHASSEE — In a scramble to stop Florida’s soaring homeowners insurance rates, state lawmakers are close to passing a bill that would reduce the amount of time to file a claim and allow Citizens Property Insurance to raise its rates above 10 percent.
The Florida House voted 74-43 on Wednesday on a bill that would reduce the time to file a property insurance claim from three years to two years and stop contractors and public adjusters from soliciting homeowners to file a claim. ....

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