Florida lawmakers are trying to fix in three days a home insurance problem that’s been stormy for three decades, approving legislation designed more to keep private insurers in the state than to immediately save property owners money.
, causing an estimated $40 billion to $70 billion in property damage.
Democratic Rep. Dotie Joseph proposed an amendment freezing property insurance rates for one year, saying the legislation as it stands does virtually nothing to provide immediate help for people facing huge rate increases.“We have the money,” Joseph said. “I’m not saying don’t help the insurance companies.
The insurance industry says litigation is partly to blame. Loopholes in Florida law, including fee multipliers that allow attorneys to collect higher fees for property insurance cases, have made Florida an excessively litigious state, a spokesperson for the Insurance Information Institute has said.
The bill would provide $1 billion in taxpayer funds for a program to provide carriers with hurricane reinsurance, which is coverage bought to help ensure they can pay out claims. It would offer “reasonable” rates in a market where companies have complained about rising costs.The proposal will also speed up the claims process and eliminate the state’s assignment of benefits laws, in which property owners sign over their claims to contractors who then handle proceedings with insurance companies.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
DeSantis calls for Florida grand jury to investigate coronavirus vaccine 'wrongdoing'Florida Gov. Ron DeSantis, during a panel about reported side effects of coronavirus vaccines, says he wants a statewide grand jury to investigate any 'wrongdoing' surrounding them.
Consulte Mais informação »
Florida Gov. DeSantis requests grand jury probe of COVID-19 vaccinesFlorida Gov. Ron DeSantis said Tuesday he plans to petition the state's Supreme Court to convene a grand jury to investigate “any and all wrongdoing” related to COVID-19 vaccines.
Consulte Mais informação »
DeSantis calls for Florida Grand Jury over COVID-19 vaccinesGov. Ron DeSantis (R-FL) is petitioning the Supreme Court of Florida to create a Grand Jury to investigate wrongdoings in relation to the COVID-19 vaccine.
Consulte Mais informação »
Florida realtor finds trespassing couple having sex in pool of for sale houseIt had good bones. A Florida realtor was stunned to find a nude couple romping in the pool of a property she was preparing to show a client, according to officials.
Consulte Mais informação »
WSJ News Exclusive | Inside a Florida Beach House Where Dogs Can be DogsThe owners of this beach house on the Florida Panhandle wanted the perfect getaway for their family, as well as their three dogs. Hence the doggy bathtubs and dog-friendly swimming pool.
Consulte Mais informação »
Trump 2024 support tanks as Ron DeSantis leads by 23 points—pollA new poll has also found that the Florida governor leads President Joe Biden in a hypothetical 2024 match up.
Consulte Mais informação »