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It’s looking like Florida lawmakers will not provide resolution for two controversial issues currently facing the Florida insurance industry, this year at least.

With just three days left in the 2016 Florida Session, legislative attempts at addressing the rising cost of water damage claims from the misuse of assignment of benefits and regulating and mandating insurance requirements for the Florida ridesharing industry have stalled.

It’s looking like Florida lawmakers will not provide resolution for two controversial issues currently facing the Florida insurance industry, this year at least.

With just three days left in the 2016 Florida Session, legislative attempts at addressing the rising cost of water damage claims from the misuse of assignment of benefits and regulating and mandating insurance requirements for the Florida ridesharing industry have stalled.

***********Meanwhile, insurers and their advocates warned that Florida homeowners can expect rate increases if something isn’t done to deal with “skyrocketing water losses,” particularly in Miami-Dade, Broward and Palm Beach counties.************

Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2016/03/08/401275.htm

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