Realtor Supported Insurance Bill advances
2 month(s) ago | 61 Views | Insurance Information
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Realtor-supported insurance bill advances
TALLAHASSEE, Fla. – Jan. 27, 2012 – In week three of the 2012 legislative session, a number of real estate-related bills saw action.
The Realtor-supported insurance bill that could make Florida more attractive to private insurance companies advanced in both House and Senate committees. SB 1346/HB 1127 would, among other things, remove the requirement that private insurers front millions of dollars to Citizens Property Insurance Corp. to cover losses after a catastrophic hurricane. According to the Office of Insurance Regulation, this is the No. 1 barrier to attracting new companies to the state.
This bill could assist in adding additional competition to our home insurance market driving down prices and making home ownership more affordable in FL. Let me know what you think!
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