Good News: Special Session Property Insurance Bill Passes in the Florida legislature

By Tracy Caruso On Dec 14, 2022 0 Copy Link Print

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A bill titled SB 2A (HB 1A): Property Insurance just passed in both chambers of the Florida legislature along party lines.

In summary, the bill accomplishes the following:

It stabilizes a failing marketplace for insurance.

It gets rid of 1-way attorney fees.

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It gets rid of the assignment of benefits.

It encourages settlements.

It helps homeowners by reducing insurance company claim time to 60 days.

It strengthens the insurance market, so many more companies offer insurance in Florida.

It gives the Florida Office of Insurance Regulation (FLOIR) the ability to fine and discipline insurance companies for customer abuse or wrongdoing.

The bill now goes to Governor DeSantis for his signature

Great news for Floridians. Keep up the excellent work, Florida lawmakers.

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Tracy Caruso

Tracy Caruso is the President/Owner of Delray Beach Executive Suites. In December of 2022, she was appointed by Governor DeSantis as a commissioner to the Health Care District of Palm Beach County. She is Chair of the Housing & Finance Authority of Palm Beach County.She is also a certified rape crisis counselor and trained literacy advocate. She currently serves on many boards including The Hispanic Vote and Propel. Tracy is married to State Representative Mike Caruso. She’s a stepmother of 7 and a mother of 2 toy poodles.