Florida’s latest legislative leaders on Tuesday rattled some sabers about property insurance coverage charges and claims however provided no agenda for the upcoming session that begins in March, in response to state information reviews.
Incoming Senate President Ben Albritton, R-Wauchula, warned insurers that claims ought to be paid promptly, the Miami Herald and different information shops reported.
“I need to ensure that impacted Floridians and insurance coverage firms hear me loudly and clearly — we’re watching,” Albritton mentioned as lawmakers rose of their seats. “I’m not going to sit down idly by if reliable claims get denied whereas charges proceed to rise. Interval.”
The leaders didn’t define any adjustments they plan to shepherd via the session subsequent spring, in response to information reviews.
Albritton’s remarks got here on the Legislature’s organizational conferences, held forward of the common session, and got here two years after lawmakers enacted historic reforms designed to tamp down runaway insurance coverage claims litigation. These reforms might be seen as a giveaway to the insurance coverage business, mentioned incoming Home Speaker Danny Perez, R-Miami, the Herald and the Tallahassee Democrat reported.
The remarks additionally got here after a number of years of premium spikes for owners and after reviews that some Florida insurers, together with the state-created Residents Property Insurance coverage Corp., have denied or haven’t paid hundreds of claims from Hurricanes Helene and Milton. However Residents officers and unbiased adjusters have mentioned that a lot of these claimed losses had been beneath property house owners’ deductible ranges or had been as a consequence of storm surge or inland flooding, which isn’t lined by most property insurance policies.
The Florida Workplace of Insurance coverage Regulation reported that as of Nov. 12, greater than 285,300 claims had been filed as a consequence of Hurricane Milton. Some 119,000 of these had been closed with out cost.
For Hurricane Helene, which hit Florida in late September, 135,500 claims have been filed and 26,200 have been closed with out cost, as of Nov. 18.
Picture: Outgoing Senate President Kathleen Passidomo passes the gavel Tuesday to Albritton. (The Florida Channel)
Subjects
Florida
Leadership
Property
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