Gov. Ron DeSantis expressed confidence that a special legislative session will help stabilize Florida’s property-insurance system, but the troubled market is taking another blow as a group of companies is poised to cancel more than 68,000 policies.
“The good news is, on property insurance, I think we’re going to get really, really significant reforms,” DeSantis said during an appearance at Seminole State College of Florida.
“After review of the information filed in support of this request, and considering all of the attendant facts and circumstances, the office finds that approval of the early cancellation plan filed by the companies is necessary to protect the best interests of its policyholders and the public,” the agreement said.
The House and Senate could not reach agreement during this year’s regular session on a property-insurance bill, with the Senate wanting to go further than the House to bolster the insurance industry. House Speaker Chris Sprowls, R-Palm Harbor, said more time was needed to see the results of changes made in a 2021 insurance law.“But it just didn’t do enough, I think, to really stabilize this situation,” he said.
About 8,400 Monarch policies and all 3,300 of Maison Insurance Co.’s Florida policies will be canceled. Also, a new investor will put capital into Monarch, though details of that investment were not included in the consent order.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Florida Gov. Ron DeSantis signs new law banning protests in front of homes, threatening jail timePeople who protest in front of private residences in Florida can face jail time and fines under a law signed by Ron DeSantis.
Les mer »
New York Gov. Kathy Hochul Mourns Buffalo Shooting Victims: ‘I Have 10 Dead Neighbors’The governor went after tech platforms and right-wing figures who enable the rhetoric a white supremacist used when he shot 13 in her hometown of Buffalo.
Les mer »
Pa. Lt. Gov. and Democratic Candidate for U.S. Senate John Fetterman Suffers StrokePennsylvania Lieutenant Governor and Democratic candidate for U.S. Senate John Fetterman is recovering after suffering a stroke, he announced Sunday.
Les mer »
Rape Victims Should Be Forced to Have Rapist's Baby, GOP Gov. Openly StatesNebraska Gov. Pete Ricketts said he would pursue a total abortion ban in his state if Roe v. Wade is overturned
Les mer »
New York Gov. Kathy Hochul says deadly Buffalo shooting was 'white supremacy terrorism'Gov. Kathy Hochul called the shooting at a Buffalo supermarket that left 10 dead and three wounded 'white supremacy terrorism.'
Les mer »