NOT FOR REPRINT
Page Printed from: propertycasualty360.com/author/profile/jim-saunders/?page=4
Sign In To follow
The state has seen legislation proposals to bolster the private market and drive policyholders away from the insurer of last resort.
A federal judge will decide if a key part of the legislation violates First Amendment rights.
Now the Senate must reach an agreement with the Florida House, which has moved forward with a far different property insurance bill.
State lawmakers also are considering changing rules for windshield deductibles.
Supporters say the bill will hold down premiums, but opponents say it will hurt consumers and their ability to fight insurers in court.
Hurricane Frances tore through Florida in 2004, including nine apartment buildings now at the center of a legal dispute.
The extension aims to provide customers further assurances during hurricane season and beyond, Citizens CEO said.
The insurance industry and its supporters are focused on trying to limit attorney fees in AOB disputes.
The court has agreed to take up a closely watched case stemming from water damage to a St. Lucie County home.
Blaming costly water-damage claims, residential customers of Citizens could see an average 8.2% rate increase next year.