Property Insurance

Heading into a special session next week to address the state’s troubled property-insurance market, legislative leaders said late Friday they will focus on issues such as roof-damage claims, litigation and reinsurance.

Property insurance rates are skyrocketing and Florida lawmakers promise action.

Requests by three insurers are the latest evidence of problems in Florida’s property-insurance system, as lawmakers prepare to return to Tallahassee next week for a special session on the issue.

Florida Chief Financial Officer Jimmy Patronis has announced five legislative proposals to combat insurance fraud ahead of the upcoming special session on property insurance.

Faculty at Florida State University are offering insights about what’s predicted to be an above average hurricane season. They say the hurricane risk to Florida is increasing because of population growth and uncertainties from climate change.

The financial-rating agency AM Best says further “action is essential” to stabilize Florida’s property-insurance market, as lawmakers prepare to grapple with the issue during a special session later this month.

Time is rapidly running out on an effort to add property insurance to next week's special legislative session. A poll of lawmakers is underway to determine if they will consider property insurance in addition to redistricting. A three-fifths majority is needed in order to move forward.

Sen. Jeff Brandes, a St. Petersburg Republican who has argued for taking aggressive action to deal with Florida’s property-insurance problems, intends to pursue polling lawmakers about holding a special legislative session if House and Senate leaders don’t call a session on the insurance issue.

As lawmakers prepare to return to Tallahassee next month for a special session on redistricting, Florida Agriculture Commissioner Nikki Fried said there’s more she’d like to see lawmakers address.

Roofing claims, property insurance, and Russian disinvestment: On Tuesday, for the first time in more than six months, the Florida Cabinet actually met in Tallahassee to tackle business on a variety of fronts.