Insurance

Florida bills ahead of special session eye property insurance crisis

TALLAHASSEE — Heading into a special session next week to address the state’s troubled property-insurance market, legislative leaders said late Friday they will focus on issues such as roof-damage claims, litigation and reinsurance.

The House and Senate released outlines of bills for the session, which Gov. Ron DeSantis called after lawmakers could not reach agreement on insurance changes during this year’s regular session.

“I believe the legislation I will file for your consideration during the special session will address the many issues leading to the instability of the current property insurance market in our state,” Senate Banking and Insurance Chairman Jim Boyd, R-Bradenton, wrote in a memo to senators. “The proposal balances fair costs and protections for consumers while adding reasonable guardrails for insurance companies against the frivolous litigation and fraudulent claims that drive up rates for everyone.”

Bradenton state Sen. Jim Boyd filed legislation Friday that lawmakers will consider next week in a special session on property insurance.

More:As hurricane season nears, Florida lawmakers wrestle with battered property insurance market in special session

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Crisis:Property insurance market in ‘very precarious position’ as hurricane season approaches

Boyd’s two bills are a combined 55 pages and touch on everything from roof repairs to hardening homes against storm damage, increasing “transparency for insurance companies”, curbing insurance litigation and expanding the Florida Hurricane Catastrophe Fund.


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