Significant Property Insurance Changes Head to Florida Senate
A sponsor of the bill describes the property-insurance industry as being in a "crisis," with financially strapped companies deciding not to provide coverage or substantially raising homeowners' rates.
The Florida Senate could be poised to take up a plan that would make far-reaching changes in the state’s property-insurance system, including allowing insurers to limit amounts paid for roof damage and placing new restrictions on attorney fees in insurance disputes.
The Senate Rules Committee on Thursday approved the plan (SB 76), positioning it to go to the full Senate. The measure is dramatically different from a House property-insurance bill that, for example, does not include the proposed limits on payments for roof damage.
This premium content is locked for
Insurance Coverage Law Center subscribers only.
Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.
- Access the most current expert analysis and daily developments across jurisdictions
- Solve complex research issues with expert tools and intelligence
- Tap into insurance coverage expert guidance
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.