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North Palm Beach, FL

Apr 17, 2008

Senate passes homeowner's insurance bill tougher on companies

“I don't know what will survive, but there's going to be a lot of negotiation.”

The Florida Senate approved a sweeping property insurance bill Wednesday touted as a 'homeowners' bill of rights.' If legislators last year were focused on lowering homeowner's insurance rates, this year they're set on drafting an array of laws to hold insurers accountable and equip the state to be a tougher watchdog.

Insurance industry representatives said insurers who weren't scared away from Florida last year will be this year - if this bill becomes law. And that is far from certain since House leaders have reservations about much of it. Read more

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