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A key senator said Tuesday he does not expect lawmakers to make major property-insurance changes during the 2024 legislative session, as they continue to watch the results of an overhaul passed last year.
Inflation, the cost of reinsurance and climate change keep driving up rates.
Florida lawmakers told us that this week as the state keeps waiting for the promised property insurance relief. It follows rounds of major reforms, yet regulators keep saying change will take time.
State leaders met in Tallahassee on Tuesday to discuss the current state of Florida's insurance market.
State legislative leaders say they want to let 2023 insurance adjustments work through the system before further legislation.