Florida lawmakers are considering legislation that would revoke the insurance industry's antitrust protections in the state as part of an effort to resolve the difficulties facing the state's insurance market.
The legislation, Senate Bill 2860, is expected to be voted on by the Senate this week and makes several "major" changes to the state's insurance laws, according to a senate staff analysis.
Among the provisions in the bill are those freezing rates for the state-run Citizens' Property Insurance Corp., increasing the penalties for violations of the insurance laws, and changing the standards and procedures for rate filing.
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