Too Little, Too Late? Breaking Down Florida’s Latest Property Insurance Reforms
A bill passed by the Florida Legislature to address the state’s property insurance crisis has created optimism among some stakeholders, while others say it will not reduce rates over the next 18 to 24 months or stop the state’s out-of-control claims litigation.
This year’s effort to pass property insurance reforms came down to the wire with the passage of Senate Bill 76 on the last day of session. The bill attempts to solve some of the issues plaguing the state’s homeowners insurance market in which insurers lost more than $1.5 billion last year. Consumers are facing double-digit rate increases, restricted coverage, or having to turn to the state’s insurer of last resort, Citizens Property Insurance.
Sunburn â The morning read of whatâs hot in Florida politics â 5.21.21
Good Friday morning.
Ella Joyce has a horse show today, so we’re getting out on the road. Here are a handful of items on my radar:
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Media bias on full-display with Capitol Press Corps Rebekah Jones love: They never miss a chance to report on Jones, if itâs positive. But when someone offers a counternarrative, itâs crickets. Worse, the Tally crew was silent when
Christina
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Winners and Losers, Rounders-style: Consider this my work of art. Winners and Losers in the Special Session are easy. Tying them to gifs from Rounders, the Texas Hold âem movie classic with
Cause of fire remains unclear
On May 12, Citrus County Fire Rescue responded to a scene at a Texaco gas station in Homosassa, Florida, after a Hummer H2 burst into flames, USA TODAY reported.
The Florida State Fire Marshal’s Office is investigating the cause of the fire, according to USA TODAY. This fire investigation is open and ongoing and no additional details are available at this time, said John O’Brien, press secretary for the Florida Department of Financial Services. It is not considered suspicious at this time, but that may change as the investigation continues.
Officials said the driver filled four 5-gallon containers with gasoline and put them in the back of the vehicle when it caught on fire.
Florida Construction Co Owner Arrested for Evading Payment of Workers Comp Premium insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.