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Legislature passes property insurance reforms to address hobbled system

Florida’s Legislature approved measures to cut down on lawsuits and shore up Citizen Property Insurance Corp.


  • By Louis Llovio
  • | 2:20 p.m. December 14, 2022
  • | 0 Free Articles Remaining!
Florida’s Legislature approved measures to cut down on lawsuits and shore up Citizen Property Insurance Corp. (File photo)
Florida’s Legislature approved measures to cut down on lawsuits and shore up Citizen Property Insurance Corp. (File photo)
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Florida legislators passed an insurance reform bill Wednesday that eliminates a controversial fee payment system for attorneys and speeds up the time insurers need to respond to claims, but, critics say, the changes do not do enough to lower rates for homeowners.

The reform legislation, written by State Sen. Jim Boyd. R-Bradenton, passed the Senate by a 27-13 vote on Tuesday and the House by a 84-33 vote on Wednesday. Gov. Ron DeSantis is expected to sign it quickly.

 


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Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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