Speedy approval seems likely for a proposal to use “windfall” sales tax dollars to bolster Florida's home insurer of last resort and fund home improvements against hurricanes, a leading state insurance trade representative said.
Appropriations committees in both the House and Senate yesterday recommended setting aside hundreds of millions of dollars to provide insurance rate relief to Florida homeowners by funding Citizens Property Insurance Corp., the state residual homeowners market whose deficit must be made up by an assessment on state homeowners.
Sam Miller, executive director of the Florida Insurance Council, said the two competing measures could reach the House and Senate floors as soon as next week, which is the next to last one in the session.
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