Here are the Florida property insurance bills
being filed ahead of next week's special session
Article Courtesy of WSFU
By Valerie Crowder
December 12, 2022
State lawmakers will consider legislation on property
insurance, property tax relief for hurricane survivors and a statewide
toll road credit program when they meet in Tallahassee on Dec. 12-16.
Florida lawmakers will consider several
major changes to the state's property insurance laws in an
effort to stabilize the market.
"The goal we all share is for Florida to have a robust
property insurance market that offers homeowners the
opportunity to shop for insurance that meets their needs and
budget," Senate President Kathleen Passidomo wrote in a memo
to lawmakers on Friday after the legislation was filed.
"We also want to make certain that when damage occurs,
claims are paid promptly and fairly, so homeowners do not
have to contend with time-consuming and expensive
Lawmakers will meet Dec. 12 -16 in a special legislative
session to consider proposals aimed at fixing the state's
property insurance market, offering property tax relief to
survivors of recent hurricanes and establishing a statewide
toll road credit program for frequent commuters.
Two measures on property insurance —
and SB 2A
— were filed on Friday. Both would put an end to one-way
attorney's fees, establish an optional reinsurance program
and lawmakers are considering putting an end to mandatory
attorney's fees whenever an insurance company loses a
dispute in court with a residential or commercial property
Florida Senate President Kathleen Passidomo
(R-Naples) will preside over the first legislative session under her
leadership on Dec. 12 - 16.
It would also establish a program aimed at reducing
the cost of reinsurance, which insurers purchase to cover their losses.
The Florida Optional Reinsurance Assistance program (FORA) would be
administered through the State Board of Administration, which would have
the authority to adopt rules governing the program.
Lawmakers will also take up proposals that would provide property tax
relief to residents recovering from Hurricanes Ian and Nicole. That
measure would also allocate $150 million to fund affordable housing and
home repairs in communities recovering from the two hurricanes.