The American Property Casualty Insurance Association (APCIA) today issued the following statement attributed to its vice president of state government relations Logan McFaddin regarding the failure of Senate Bill 1728 to pass during the 2022 Florida Legislative Session.
“Given the magnitude of the crisis in Florida’s property insurance market, it is extremely disappointing the legislature adjourned without passing critical reforms, especially related to roofing repair scams, to help bring stability to the market and ultimately lower costs for consumers. Roofing repair scams and its corresponding wave of litigation are driving up the cost of homeowners insurance in Florida and are a key reason the market has become so volatile.
“In recent weeks, several insurers have faced insolvency and Citizens’ policy count has continued to grow at a rapid pace – all while homeowners face higher costs and less choice in the marketplace. Without action on common-sense reforms to address roofing repair scams, these alarming trends are likely to continue.
“APCIA thanks Senator Jim Boyd for sponsoring and the Florida Senate for passing Senate Bill 1728 and for their efforts to negotiate with the House on key reforms. The problems in Florida’s property insurance marketplace are not going away and we urge lawmakers to make meaningful reforms a top priority next time they meet.”
The American Property Casualty Insurance Association (APCIA) is the primary national trade association for home, auto, and business insurers. APCIA promotes and protects the viability of private competition for the benefit of consumers and insurers, with a legacy dating back 150 years. APCIA members represent all sizes, structures, and regions—protecting families, communities, and businesses in the U.S. and across the globe.