Florida Gov. Rick Scott has signed SB 408, a bill designed to address cost drivers in an attempt to reform Florida's unsteady property-insurance market.
Hailed as a "good first step" by Katherine Webb of Colody, Fass, Talenfeld, Karlinsky and Abate, the bill contains several provisions Lisa Miller, former state deputy insurance commissioner, calls "pocketbook issues."
Miller, who now owns lobbying firm Lisa Miller & Associates, says the bill may not completely reverse a trend of underwriting losses in the state, but it could "mitigate the losses," or "stop the bleeding."
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