State senator on insurance debacle: We need political courage

Florida lawmakers will confront the biggest economic challenge in state history. They need to change the incentives to a market of free enterprise and competition that benefits consumers.


  • By
  • | 11:30 a.m. May 18, 2022
  • | 0 Free Articles Remaining!
  • Opinion
  • Share

Gov. Ron DeSantis’ proclamation in April calling for a special legislative session on Florida’s homeowners insurance market to begin next week was a significant first step in the right direction for Floridians and the state’s economy. He chose strong language to identify and describe the priorities we, as Florida legislators, must address on behalf of all Floridians. 

This is the biggest economic challenge in the state’s history.

Property insurance affects everyone — homeowners, commercial owners, renters, resort guests, farmers, etc. But because of a highly coordinated network of a few lawyers and contractors, they have helped shape and used current laws to their advantage to make it impossible for insurance companies to offer reliable and affordable coverage.  

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content