Fla. Legislature to Tackle Property Insurance, Tort Reform in Special Session

Continued rising property insurance costs have flooded Floridians with unaffordable bills, and the Florida legislature plans to address this problem in the upcoming legislative session starting December 12, 2022. The legislature will begin work on HB 1A, a property insurance and tort reform proposal that aims to reduce costly and frivolous litigation.

For example, a couple of years ago, legislation was passed to ensure that protections against bad practices from contractors who took advantage of people with the assignment of benefits changed and gave property owners more rights. Homeowners inadvertently gave control of their insurance to contractors who often did nothing to fix their hurricane repair problems, which typically ended in litigation. New laws give homeowners the right of rescission.

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The Florida legislature recognizes that there is much more to be done, which is why Florida Senate President Kathleen Passidomo and Speaker of the Florida House Paul Renner have called for a special legislative session that will convene on December 12, 2022.

House Speak Paul Renner and Senate President Kathleen Passidomo
Senate President Kathleen Passidomo and House Speaker Paul Renner

This special session looks like it will be a doozy, with the legislature tackling property insurance issues and tort reform.

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Some of the issues the legislature will be working on next week:

-Reducing the cost of litigation regarding property insurance claims.
-Providing tax relief and other financial assistance related to damages caused by hurricanes Ian and Nicole.
-Improve the claims handling process.
-Modify deadlines for notices of property insurance losses.
-Increase oversight of property insurance market participants.
-Provide appropriations to implement such legislation.

See attached document HB 1A Property Insurance-Special Session 2022A for complete information on what the legislature will work on starting tomorrow, December 12.

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