With a special legislative session poised to start, the Florida House and Senate late Friday released proposals that would make far-reaching changes in the state’s troubled property-insurance system. The bills (HB 1A and SB 2A) would take steps to reduce litigation costs, move policies out of the state-backed Citizens Property Insurance Corp., offer additional reinsurance to insurers and try to speed up claims.
With a special legislative session poised to start, the Florida House and Senate late Friday released proposals that would make far-reaching changes in the state’s troubled property-insurance system. The bills (HB 1A and SB 2A) would take steps to reduce litigation costs, move policies out of the state-backed Citizens Property Insurance Corp., offer additional reinsurance to insurers and try to speed up claims.