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The 2021 Florida Legislature spent several months evaluating property insurance reform proposals. The committee hearing process included testimony from Insurance Commissioner David Altmaier, Citizens Property Insurance Corporation CEO Barry Gilway and many others. Despite these months of analysis, the primary property insurance reform bill (SB 76) was amended several times in the last week of […]
The Florida Senate has been advancing a bill intended to increase private market interest in making flood insurance coverage available to Floridians. However, in light of the complexities of the issue, some Senators are suggesting that recent substantial revisions to the bill should be sent back to the Banking and Insurance Committee for further review. […]
Rate increases in the federal flood insurance program are drawing the ire of politicians on both sides of the aisle in Tallahassee. Governor Rick Scott recently sent a letter to Florida U.S. Senators Bill Nelson and Marco Rubio stating that he is “deeply troubled” by the impact of flood insurance rate increases on Florida’s economy. […]
