Backers say the bill is needed because of financial problems in the insurance industry that have led to homeowners facing large rate increases or turning to the state-backed Citizens Property Insurance Corp. for coverage.
Part of the bill would allow insurers to limit amounts paid for roof damage and would place new restrictions on attorney fees in insurance disputes.
After rejecting a series of amendments proposed by Democrats, the Senate could vote as soon as Wednesday on potentially far-reaching changes to Florida’s property insurance system.
The Senate on Thursday took up a bill (SB 76), sponsored by Banking and Insurance Chairman Jim Boyd, R-Bradenton, and positioned it procedurally for a vote.
Florida Senate ready to vote on property insurance changes
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Transgender Athlete Restrictions Move Forward In Florida
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Transgender athlete restrictions move forward
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