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The Independent UK
The Independent UK
National
Brendan Farrington and Curt Anderson

Florida lawmakers seeking to calm property insurance storm

Copyright 2022 the Associated Press. All rights reserved.

Florida lawmakers are trying to fix in three days a home insurance problem that's been stormy for three decades, debating legislation designed more to keep private insurers in the state than to immediately save property owners money.

A massive bill seeking a $1 billion reinsurance fund, reduced litigation costs and to force some customers to leave a state-created insurer was before the Florida House on Wednesday, a day after it passed the Senate. Lawmakers, in a special session that opened Monday, hoped to send the legislation to Republican Gov. Ron DeSantis by the end of the day.

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