SB 408 was heard on the Florida House of Representatives' Special Order Calendar this morning and was promptly "temporarily postponed" after Rep. John Wood, R-Winter Haven, filed a strike-all amendment.
The comprehensive property insurance package, which has picked up the moniker the "cost driver bill," passed the Senate on a vote of 25-12 on April 28.
There are a number of issues on which the two chambers disagree, including: the statute of limitation on property insurance claims; changes in non-renewal and cancellation of policy timelines; Florida Hurricane Catastrophe Fund reimbursement details; capital and surplus requirement; public adjuster reforms; actual cash value and replacement cash value proposals; and a long list of details and processes concerning sinkhole claims and coverage.
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