Florida’s Special Legislative Session on Property Insurance begins on Monday. Florida’s legislators, apart from its leaders and people within the Governor’s workplace have no idea what’s being proposed.
This is backroom politics at its finest—perhaps at its worst. Who is aware of? I hoped to report one thing to our readers. While I’ve actually spent 4 hours working and talking with our agency’s lobbyists and others, I don’t suppose greater than a handful know what’s proposed, and perhaps the handful are attempting to determine it out. Sorry I can not report extra.
An editorial within the Sun-Sentinel, Another Insurance Special Session. What now?, famous:
As of 4 p.m. Friday, no payments had but been posted on the Florida Legislature’s web site for the particular session on property insurance coverage. The scheduled week-long session begins Monday.
This will not be good authorities. Floridians mustn’t anticipate dramatic aid from no matter legislators move. We all know higher as a result of we’ve seen this film earlier than.
Seven months in the past, legislators met in particular session to replace the insurance coverage laws that they had handed two years in the past. Back in May, everybody agreed that even in a finest case situation, home-owner premiums wouldn’t drop. But if hurricane season wasn’t too dangerous, maybe they wouldn’t go up an excessive amount of in 2023.
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Given the complexity of insurance coverage, a functioning Legislature would begin by getting essentially the most dependable info potential about the issue. That would begin with intensive committee hearings effectively earlier than the common session and proceed with as a lot debate as potential.
I hope to have extra later tonight or within the morning.