Seeing no action on bills that would address Florida’s spiraling property insurance problems head-on, one state senator took a different route Thursday and proposed reducing insurers’ payments to the state’s hurricane catastrophe fund, a move he said could save policyholders as much as $1 billion a year.
The amendment by Sen. Jeff Brandes, R-St. Petersburg, to Senate Bill 468 surprised some but sparked considerable discussion at the Senate Appropriations Committee meeting.
