Florida Senate Seeks To Give Insurers More Leeway

Law360, New York (April 28, 2011, 7:38 PM EDT) -- The Florida Senate on Thursday passed a sweeping property insurance bill that would eliminate sinkhole coverage requirements, give insurers more flexibility in changing or canceling policies and place new restrictions on public adjusters.

The measure, intended to boost the state's private insurance market, passed with amendments by a vote of 25-12.

In a statement Thursday, the Property Casualty Insurers Association of America described the bill, SB 408, as a “major step forward toward restoring private, market-based solutions in Florida” and urged the state House of Representatives...
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