Florida property insurance rates climb for homeowners — All the details - South Florida Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Florida lawmakers eye changes to property insurance in wake of soaring rates
The bill would reduce the time to file a claim from three years to two.
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The Florida Legislature created state-run Citizens Property Insurance Corp. to serve property owners who couldn t find coverage elsewhere.
Updated Apr. 28
TALLAHASSEE â In a scramble to stop Floridaâs soaring homeowners insurance rates, state lawmakers are close to passing a bill that would reduce the amount of time to file a claim and allow Citizens Property Insurance to raise its rates above 10 percent.
The Florida House voted 74-43 on Wednesday on a bill that would reduce the time to file a property insurance claim from three years to two years and stop contractors and public adjusters from soliciting homeowners to file a claim.
Apr 27, 2021 3:09 PM
Tallahassee, FL – An effort to end the state’s no-fault auto insurance system traveled back to the Senate on Monday after the House approved a tweaked bill. The House voted 99-11 to support the proposal (SB 54), which includes ending a requirement that motorists carry personal-injury protection, or PIP, coverage.The bill would make bodily-injury coverage mandatory. The Senate already approved the bill, but the proposal is going back over a difference about medical-payments coverage known as “med-pay.” The Senate approved requiring motorists to carry $5,000 in med-pay coverage. The House wants to give motorists an “opt out” choice on $5,000 to $10,000 in med-pay coverage. Revamped in 2012 to try to reduce fraud in the system, no-fault has since 1979 required motorists to carry $10,000 in PIP coverage to help pay for health-care costs after accidents. The proposal would set minimum bodily-injury coverage at $25,000 for
House votes to repeal no-fault insurance system floridapolitics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from floridapolitics.com Daily Mail and Mail on Sunday newspapers.