Speedy approval seems likely for a proposal to use “windfall”sales tax dollars to bolster Florida's home insurer of last resortand fund home improvements against hurricanes, a leading stateinsurance trade representative said.
Appropriations committees in both the House and Senate yesterdayrecommended setting aside hundreds of millions of dollars toprovide insurance rate relief to Florida homeowners by fundingCitizens Property Insurance Corp., the state residual homeownersmarket whose deficit must be made up by an assessment on statehomeowners.
Sam Miller, executive director of the Florida Insurance Council,said the two competing measures could reach the House and Senatefloors as soon as next week, which is the next to last one in thesession.
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