Two bills designed to deal with Florida’s crumbling property insurance market have embarked on divergent paths in the state legislature as lawmakers approach the final weeks of the 2021 session.
Senate Bill 76 and House Bill 305, both originally supported by the Florida insurance industry and stakeholders, started off the session essentially as companion bills, but recent changes to the House proposal have stripped away reforms some in the industry say are desperately needed. While both bills advanced in their respective chambers this week, significant compromise will have to occur to give either a chance at becoming law.
