With lawmakers taking widely different stances on what would be best for consumers, the Florida Senate last Wednesday passed a major property-insurance bill that targets roof-damage claims and litigation against insurance companies. Supporters of the bill (SB 76) said lawmakers need to approve it to curb soaring insurance rates for homeowners. They said private insurers… Continue reading Florida Senate Passes Property Insurance Revamp
Tag: Florida homeowners insurance
As Florida’s Insurance Market Darkens, Companies Use ‘Trade Secret’ to Keep Data Hidden
As profitability of Florida property insurers declines, companies are increasingly blocking information they’d rather competitors — and the public — not see. State insurance laws allow companies to designate as “trade secret” any information they assert could put them at a competitive disadvantage if disclosed. The onus then falls on a member of the public… Continue reading As Florida’s Insurance Market Darkens, Companies Use ‘Trade Secret’ to Keep Data Hidden