A bill that addresses the drivers of litigation cost in the property insurance market has passed the Florida Senate Rules Committee and will now head to the Senate floor.
Florida Senate Bill 76 includes provisions designed to reduce the cost of property insurance lawsuits by targeting excessive attorney fees, which the bill claims incentivize lawsuits and increase property insurance costs. The bill also addresses roof damage claims in which neighborhoods are often canvassed and homeowners solicited to file claims for repairs. The bill was sponsored by state Sen. Jim Boyd (R-Bradenton).
