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BRENDAN FARRINGTON
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- DeSantis signs bill seeking to stabilize insurance market16 Dec 2022—The Associated Press (AP)TALLAHASSEE, Fla. (AP) — Republican Gov. Ron DeSantis signed a sweeping property insurance bill on Friday. How much and when it will work to stabilize the stormy market is another question. One of the key goals of the legislation is to keep the claims process from ending up being settled in courtrooms, a problem that DeSantis said drives up legal costs for insurers. “This bill reins in the incentive to litigate,” DeSantis said before signing the bill in Fort Myers, an area devastated by...
- Florida lawmakers seeking to calm property insurance storm14 Dec 2022—The Associated Press (AP)TALLAHASSEE, Fla. (AP) — Florida lawmakers took three days to try to fix a home insurance problem that’s been stormy for three decades, approving legislation designed more to keep private insurers in the state than to immediately save property owners money. A massive Republican-authored bill seeking a $1 billion reinsurance fund, reduced litigation costs and to force some customers to leave a state-created insurer passed the Florida House 84-33 on Wednesday, a day after it passed the Senate...