Florida special session News

Florida Legislature Wraps Early with Insurance Fund, Roof and Condo Bills

By Wednesday morning, it was all over except for the speeches. The five-day special session on the insurance crisis turned into just three days, and without seeing adoption of a single significant modification to two bills that had been carefully …

Florida House Committee Follows Suit, Quickly Approves Insurance Reform Bills

A Florida House committee and the state Senate wasted little time Tuesday in approving sweeping property insurance bills, leaving only the full House of Representatives to cement the changes on Wednesday, which would likely ending the special session two days …

Florida Senate Committee Passes Insurance Market Rescue Bill 19-2

A Florida Senate committee overwhelmingly approved two measures Monday that supporters believe will go a long way toward trimming roof claims, litigation expenses and reinsurance costs for beleagured property insurers – but not before some Democratic senators warned it would …

Demotech Downgrades FedNat Rating, Just as Florida Guv Calls Special Session

Florida-based FedNat Insurance Co., six months after it pulled out of other states to concentrate on Florida, woke up to some potentially bad news on Good Friday. The Demotech financial rating firm announced it has downgraded FedNat’s financial stability rating …

Florida Senator Trying to Force Special Session with Support from Rank and File

Florida state Sen. Jeff Brandes is not waiting for legislative leaders or the governor to call a special session to tackle the property insurance crisis, and is polling his colleagues to force a meeting, as allowed by statute. Florida law …

Demotech Joins Call for Florida Special Session; AM Best Downgrades Farm Bureau

The Demotech rating agency has joined the relatively small number of voices calling for a special session of the Florida Legislature to enact changes that insurers hope will help curtail fraudulent roof claims, deter excessive litigation and address other needs. …