The Senate this week unanimously passed the bill (SB 542) sponsored by Sen. Jeff Brandes, a Republican from St. Petersburg. It heads to the Florida House where a similar bill is moving.

Florida is home to 37 percent of the federal policies and state officials say congressional attempts to overhaul the troubled program burdened many Floridians with skyrocketing premiums. Congress just recently rolled back some of the increases it permitted in 2012.

It’s not clear, though, that many private insurers will want to assume the risks of flooding.

 

Please call L & S Insurance at 1-888-244-7400  for quotes on Home, Auto, Flood, Business & Commercial,  & Life & Financial products as well.

 

http://www.insurancejournal.com/news/southeast/2014/03/28/324688.htm

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