Legislators move quickly on insurance changes in special session - Jacksonville Business Journal

  • 📰 JaxBizJournal
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Legislators move quickly on insurance changes in special session

By Jim Saunders – News Service of FloridaFlorida lawmakers began moving quickly Monday to pass major property-insurance changes, with supporters saying the plan would stabilize the troubled system and critics saying it would hurt consumers. Sen. Danny Burgess, R-Zephyrhills, said lawmakers need to take action as homeowners across the state face large rate increases and struggle to find coverage.

Several speakers during the Banking and Insurance Committee meeting said the bill would limit access to courts for policyholders and create a “David and Goliath” situation that would benefit insurers. “This bill gives Goliath a better helmet, and it hurts me,” said Jonathan Albaugh, whose family has been battling over a claim from Hurricane Michael, which made landfall in 2018 in Mexico Beach and caused massive damage in Northwest Florida.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 599. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

4 reasons Jacksonville, Florida, is a hot market for real estate investing - Jacksonville Business JournalJacksonville is home to the perfect combination of low home prices, high rental rates and high-property appreciation-making investing so that’s what makes it so appealing.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Jacksonville-area homebuilding retreats after hitting 'unsustainable' pace - Jacksonville Business Journal2022 wasn't quite as busy for builders as 2021 due in large part to interest rate increases.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Jacksonville-area homebuilding retreats after hitting 'unsustainable' pace - Jacksonville Business Journal2022 wasn't quite as busy for builders as 2021 due in large part to interest rate increases.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Here's how average bonuses are trending as 2022 draws to a close - Jacksonville Business JournalBonus season is coming, but there's a catch. Here's how average bonuses are trending in 2022.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Site for Home Again St. Johns approved by county - Jacksonville Business JournalThe organization, which provides services for the homeless and others in need, will have its headquarters on S.R. 16.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Housing market stabilizing to close out November - Jacksonville Business JournalPrices fell and time on market increased as we enter the holiday season.
Source: JaxBizJournal - 🏆 599. / 51 Read more »