The Florida Legislature will conduct a special session during the week of December 12 focusing on fixes for a failing, flailing insurance market in the state that has reached crisis levels. Symptoms of the crisis include the financial collapse of several insurance companies operating in Florida so far this year, and insurance premiums for homeowners ballooning to painfully high levels. Florida House Speaker Paul Renner announced lawmakers will examine a “kitchen sink of options” in the special session in an attempt to stabilize the market and expand private options. Renner suggested solutions could involve additional spending on reinsurance.
