Florida Lawmakers Target Insurance Compromise

By: Victoria Langley
By: Victoria Langley

State lawmakers will be working late trying to hammer out a compromise bill to bring down insurance rates.

Insurance companies have been shut out of the debate as angry homeowners took center stage at the Capitol this week. Now insurance execs are raising red flags about whether the proposals on the table might have unintended consequences.

Jeff Grady of the Florida Association of Insurance Agents says there's two sides to the story.

“We want to be helpful. We obviously want to protect the interest of the companies that are here, but there are some angry policy holders that rightfully are suffering and folks are listening to that and not being so inclined to listen to what the insurance industry says this market needs.”

Sticking points remain whether Citizens Property Insurance should be allowed to take on even more business, and how much taxpayers should be on the hook to cover major storm losses.

The special legislative session in Tallahassee is scheduled to end at midnight Monday night.


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