Wednesday, June 5, 2024

Florida lawmakers roll out plans for emergency special session addressing property insurance


TALLAHASSEE, Fla. (WFLA) — For the second time, Florida lawmakers will maintain a special legislative session to cease premiums from skyrocketing and insurers from pulling out of the state.

On Tuesday, leaders within the Florida House and Senate rolled out their plans for the emergency session and this time round lawmakers are hoping to make drastic modifications.

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During the week-long session, lawmakers plan to create extra stability in Florida’s property insurance market by trying to decrease litigation prices and make reinsurance extra out there.

Lawmakers plan to offer tax aid for damages from hurricanes Ian and Nicole. As nicely as, arrange a statewide toll credit score program for Floridians who regularly commute.

Details on particular laws are anticipated within the coming days and the special session is scheduled to increase into the tip of subsequent week.

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