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Florida property reforms pass House despite criticism

December 15, 2022

Florida’s property insurance reform bill has been passed by the House and awaits a signature from State Governor Ron DeSantis, despite opposition from Democrats.

The bill aims to create a $1 billion reinsurance fund, reduce litigation costs and may compel some customers to leave state-created insurer Citizens.

Additionally, it aims to eliminate one-way attorney fees for property insurance lawsuits, removing the ability of a homeowner to sign over benefits to a contractor to pursue the claim on their behalf to kick-start repairs.

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