Bills are quietly moving at the Capitol that would change the 40 year old system designed to help Floridians needing to rebuild or repair their homes but whose insurer is bankrupt.
This legislation will cost consumers additional hurricane "taxes." And after a bad hurricane or series of hurricanes, the legislation could delay getting needed money to pay claims.
While there is a small segment of the industry that is supportive of this legislation, they cannot point to any scenario where the proposed changes can in any way save money for Florida policyholders; it can only cost them more money.
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