Bills are quietly moving at the Capitol that would change the 40 year old system designed to help Floridians needing to rebuild or repair their homes but whose insurer is bankrupt.
This legislation will cost consumers additional hurricane "taxes." And after a bad hurricane or series of hurricanes, the legislation could delay getting needed money to pay claims.
While there is a small segment of the industry that is supportive of this legislation, they cannot point to any scenario where the proposed changes can in any way save money for Florida policyholders; it can only cost them more money.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
