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Florida property insurance reform still alive in Tallahassee

By Mitch Perry Florida SHARE A measure that aims to reform Florida’s property insurance industry was scheduled to get its last committee stop in the Florida House on Monday, but that vote in the Commerce Committee will now take place on Friday. What You Need To Know Bills in Tallahassee would prevent insurance companies from having to pay full amount to replace roofs They would make it harder for homeowners to sue insurance companies Supporters say the legislation won’t make rates drop right away, but it has to be done Opponents say the measure goes to far Republican Bob Rommel says the legislation (HB 305) is vital to deal with the “crisis” in the home property insurance industry, with rates going up 15%-30% annually for insurance companies in the state with “no end in sight.”

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