Insurers can now offer reduced levels of roof replacement coverage. What this means to you
roof claims, David Altmaier, homeowners, Florida Cabinet, property insurance, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation
News & Updates
roof claims
Florida Senate Committee Approves Actual-Cash-Value Roof Bill
property insurance, roof claims, Senate Banking and Insurance Committee, actual cash value, Insurance Regulation News, Florida Legislature
Injunction Highlights Questions About Property Reform
SB 76 adopted in the 2021 legislation drew a lukewarm reaction, even among some of the lawmakers who supported property insurance reform. One key advocate referred to the bill as accomplishing about 40% of what would be needed to improve Florida’s property insurance market. And that was before part of the law was declared unconstitutional. […]
Property Bill Brings Uncertain Impact
Governor Ron DeSantis signed SB 76 into law and it takes effect July 1, 2021. The new law reflects a series of compromises reached by the Florida legislature during the 2021 session. Despite the compromises, bill sponsors believe the reforms will have a favorable effect on Florida’s residential property insurance market. Other legislators have been […]
Governor Signs Property Insurance Bill
Governor Ron DeSantis has signed this year’s primary property insurance bill, SB 76, into law. Most of the bill’s provisions take effect July 1, 2021. The legislature passed SB 76 after extended debate leading into and during the 2021 legislative session. As is often the case during the legislative process, the final bill reflects a […]
Questions Remain After Property Bill Passes Late in Session
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 […]