A recent Tampa Bay Times article by Toluse Olorunnipa, Florida senate bill to ovehaul property insurance had its vote postponed yesterday. Senate Bill 1770 is 100 pages, and it seeks to shrink the level of risk in Citizens Insurance. The bill aims to reduce Citizens' exposure to risk by raising premiums and forcing policyholders to private insurance companies. The bill has been amended 43 times already this legislative session. Bills like this, and the current bill that aims to repeal the roughly $220 million tax credit to insurance companies in the state are getting a lot of press.
By Robert Sparks Attorneys