The new law will enhance the Florida Office of Insurance Regulation’s ability to “complete market conduct examinations of property insurers” following a hurricane to hold insurance companies accountable while preventing the abuse of the property appraisal process, according to the Florida governor’s office. (Credit: bilanol/Adobe Stock) The new law will enhance the Florida Office of Insurance Regulation’s ability to “complete market conduct examinations of property insurers” following a hurricane to hold insurance companies accountable while preventing the abuse of the property appraisal process, according to the Florida governor’s office. (Credit: bilanol/Adobe Stock)

The Florida governor signed a sweeping property insurance bill on Friday that he said is aimed at keeping the property damage claims process from being resolved in the courtroom.

In signing the bill in Fort Myers, Florida, Gov. Ron DeSantis remarked that the “property insurance market was very good for lawyers,” but the status quo was not in the public’s best interest.

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