After nearly five hours of discussion and debate, the Senate on Tuesday passed a bill with major changes to property insurance laws. The bill (SB 2A) contains provisions designed to bolster a beleaguered market. But critics allege the measure harms consumers in the process by driving rates up on state-run Citizens Property Insurance policyholders; removing one-way attorney fees for consumers who successfully sue their insurer; and allowing compa…

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Florida Senate passes property insurance overhaul

TALLAHASSEE, Fla. (AP) — The Florida Senate on Tuesday approved sweeping legislation that would overhaul the state's property insurance system, which has struggled due to insolvencies, high costs and major storms.

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TALLAHASSEE, Fla. (AP) — The Florida Senate on Tuesday approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major […]

The Florida Senate has approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms.

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Florida Senate passes property insurance overhaul amid continued crisis

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Around midday Tuesday, the Senate passed the massive property insurance bill 27 to 13.

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Florida state senators approve property insurance bill

TALLAHASSEE, Fla. (AP) — The Florida Senate on Tuesday approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms. The bill would create a $1 billion reinsurance fund, reduce litigation costs and compel some customers to leave a state-created insurer. It also would force insurers to respond more promptly to claims and increase state oversight of in…

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Florida's property insurance crisis hits close to home and one Tampa Bay teacher is facing a head-spinning premium increase.

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Florida teacher sees 80% jump in property insurance premium

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Florida Senate Passes Property Insurance Overhaul

Florida lawmakers are working on a plan to help resolve the property insurance crisis and are expected to pass major changes during the Florida senate's special session.

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Florida lawmakers tackle property insurance crisis

“What this bill signifies to me is hope,” one lawmaker said. But it has no guarantees that homeowners’ rates will go down.

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Florida Legislature passes property insurance overhaul

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Florida lawmakers pass a bill to stabilize the state's property insurance market. It offers a $1 billion taxpayer-funded aid program for struggling insurers. But it won't lower rates for Floridians, who are paying the highest homeowners insurance premiums in the nation. Six companies have gone out of business this year.

Looking to stabilize market, Senate passes property insurance overhaul

Looking to stabilize market, Senate passes property insurance overhaul

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