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Mon, March 3, 2025
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Two proposed ballot amendments seek to lower Florida insurance costs


Published on 2025-03-03 16:40:53 - WLRN
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  • Two different proposed constitutional amendments are aimed at the same thing: reducing home insurance costs. Both would need to be approved by Florida voters.

The article from WLRN discusses several insurance-related bills being considered in the Florida legislature for the 2025 session. Key points include:

  • HB 1017: This bill aims to reduce the statute of limitations for filing negligence lawsuits from four years to two, potentially affecting insurance claims related to negligence.

  • HB 1019: It proposes changes to the "bad faith" law, making it harder for policyholders to sue insurers for not acting in good faith when handling claims. This could limit the ability of policyholders to recover damages beyond policy limits.

  • HB 1021: This legislation would allow insurance companies to offer policies with reduced coverage for certain perils like hurricanes or floods, potentially lowering premiums but also reducing coverage.

  • SB 1018: Similar to HB 1017, this Senate bill also seeks to shorten the statute of limitations for negligence claims.

  • SB 1020: This bill would modify the rules around attorney fees in insurance disputes, potentially making it less financially viable for policyholders to pursue legal action against insurers.

    These bills reflect ongoing efforts to reform Florida's insurance market, which has been struggling with high premiums, insurer insolvencies, and litigation costs. The proposed changes are intended to stabilize the market but have raised concerns about consumer protections and access to justice.

    Read the Full WLRN Article at:
    [ https://www.wlrn.org/government-politics/2025-03-03/florida-insurance-bills-2025 ]
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