PIFF Applauds Efforts to Protect Consumers
Governor Ron DeSantis today signed legislation that addresses cost drivers in the property insurance market, with the goal of restoring balance to Florida’s civil justice system and protecting consumers. Senate Bill 76 was championed in the Senate by Sen. Jim Boyd, R-Bradenton, and Sen. Jeff Brandes, R-St. Petersburg, and in the House by Rep. Bob Rommel, R-Naples.
The Personal Insurance Federation of Florida (PIFF) praised leaders for prioritizing consumer protections this session.
“We are grateful that the Legislature and Governor DeSantis saw the urgent need to act to address insurance market stressors and protect consumers,” said Michael Carlson, president and CEO of PIFF. “For too long, bad actors have taken advantage of Florida homeowners, leading to a crisis in the property insurance market. With SB 76 now law, Florida will be able to take several steps toward reform, reducing the cost of property insurance lawsuits that contribute to higher insurance rates.”
The new law will target unfair solicitation activities by unscrupulous roofing contractors, create a fairer playing field for property lawsuits, address the growth of Citizens Property Insurance Corporation, which increases the risk of taxes on Floridians, and reduce the effects of insurance claim “loss creep.”
PIFF is a member of the Consumer Protection Coalition, a group advocating for sound public policy that puts consumers first.
The Personal Insurance Federation of Florida, Inc. (PIFF), is a leading voice for the personal lines property and casualty insurance industry in Florida. PIFF represents national insurance carriers and their subsidiaries, including many of the state’s top writers of private passenger auto and homeowners multiperil insurance. Together, PIFF members write more than $13 billion in premiums in the state. PIFF advocates for a healthy and competitive insurance marketplace for the benefit of Florida consumers. Visit PIFF.net to learn more.