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The bill allows for larger rate hikes at state-run Citizens Property Insurance and makes other changes requested by private insurers and opposed by some consumer advocates.
Governor Ron DeSantis signed a property insurance reform bill into law, June 11, following a roundtable discussion in Sarasota. Supporters of the measure say it will drive down property insurance rates in the long run, but opponents argue it will do just the opposite as well as make it easier for insurance companies to deny claims.