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The Florida Senate president said the state passed a 'really good' bill on property insurance during 2021 that is still yet to fully take effect.
The litigation tests a new state law allowing homeowners the possibility of collecting insurance benefits as well as attorney fees and costs.
Double-digit growth: Roughly 68% of U.S. households own a pet, but only around 2% have dedicated pet insurance.
Insurers serving the Sunshine State's homeowners have reported net income losses of more than $500M for the first half of 2021.
Some medical reimbursements that were previously considered proper are now being challenged as insufficient.
Growing legal fees Fla. insurers face from past hurricanes and reduced faith in building inspections could drive a decline in available coverage.
A federal judge will decide if a key part of the legislation violates First Amendment rights.
For drivers carrying minimum-required coverage, the rate spike could be around 50% or higher, a recent report shows.
Among other provisions, the new law extends the time consumers have to rescind a contract with a public adjuster.
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