For Immediate Release:
April 30, 2021
For Consumer Protection Coalition:
Megan Sweat, (850-521-1258), firstname.lastname@example.org
“The Consumer Protection Coalition thanks the Florida Legislature for its hard work on a property insurance reform bill that will address some of the cost drivers threatening the domestic market, including taking steps to address runaway attorney fees and questionable roofing repair solicitations that are fueling double-digit rate increases for consumers.
“Senate Bill 76 includes the Legislature’s first significant attorney fee reforms in years and contains language restricting roof repair solicitations that should help reduce the number of frivolous and fraudulent roofing claims that are plaguing the marketplace.
“Florida’s top insurance regulator has reported that the state’s domestic insurers suffered combined losses of more than $1.5 billion in 2020, and that while the state accounts for only eight percent of all the homeowners’ insurance claims in the U.S., it has 76 percent of the homeowners’ insurance lawsuits. These trends are unsustainable and the CPC is cautiously optimistic that provisions within Senate Bill 76 will help mitigate rising coverage costs and lead to more choices for consumers.
“While more work may be needed in the future, the CPC applauds Senate and House leaders for coming together to approve this compromise bill, and especially Senators Jim Boyd and Jeff Brandes, and Rep. Bob Rommel, for their tireless efforts. The CPC recommends that Governor Ron DeSantis signs Senate Bill 76 when it reaches his desk.”