Having addressed the predominant drivers of Florida’s litigation economy, lawmakers wrapped up their property insurance reform package last Wednesday and went home. They also provided some relief for Hurricane Ian victims and implemented toll-road discounts for frequent travelers. (See NOTE #1 below)
For those who deal with the public, especially insurance agents, consultants and the like, I highly suggest you review the Staff Analysis of SB-2A. Print it out. Keep it handy. Make sure your co-workers have a copy. It’s a detailed synopsis of the rationale and data that drove this important reform effort. You’ll also find links to every source document, including OIR studies, Citizens data, litigation reports, media coverage and more. You’ll be fully equipped to answer client questions and consumer inquiries regarding the substance in the bill. [Read more…] about A Great First Step…