Legislative leaders caution insurance session won't result in 'overnight drop' in rates

Legislative leaders caution insurance session won't result in 'overnight drop' in rates

TALLAHASSEE, Fla. — As Florida lawmakers get ready to return to the Capitol for their second property insurance special session of the year, new leadership is already managing expectations, noting relief may take time.

New House Speaker Paul Renner said Tuesday the goal next month is to stabilize and grow the market, which is still teetering. Floridians suffer as rates skyrocket, insurers leave and others go bust.

As a result, many Floridians have been driven to the state-backed insurer of last resort — Citizens Property Insurance — which has more than doubled its policies in two years. At the end of last month, it totaled more than 1.1 million.

Renner and many other Republicans hope to crea...

Full story at WPTV

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