Senator garrett Richter

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Senate Bill 836 by Senator Latvala passed out of the Senate with a unanimous vote in support and has now been sent over to the House, where it was substituted for House Bill 557 and sent to the Governor. Previously reported on in-depth, the bills would revise the procedure in which insurers pay and recoup assessments levied against them by the Florida Insurance Guaranty Association (“FIGA”). It would allow for more opportunities for insurers to remit assessments after they are collected from policyholders, rather than advancing the funds to FIGA, at the option of FIGA.



Senate Bill 1094 by Senator Brandes passed out of the Senate with a unanimous vote in support and was sent over to the House. Its companion, House Bill 895 by Representative Ahern, was substituted for the Senate version and passed the House with an 89-26 vote in support. The bill now heads to the Governor, to be signed into law.


Reported last week in-depth, the bill would revise the flood insurance reform passed by the Legislature last year. The bill allows for the sale of “flexible flood insurance” and allowing private insurers to obtain certification from the OIR, which would state and compare the coverage specification of the policy with that of the National Flood Insurance Program (“NFIP”). “Flexible Flood Insurance” allows consumers to purchase flood coverage limits which will cover the outstanding mortgage, but will not be enough to repair the home. The bill also allows insurers to provide credits to the policyholder if the OIR determines that the rate being charged was excessive. This practice would be done in lieu of cash refunds.


Senate Bill 842 by Senator Benacquisto was substituted on the Senate floor for its House companion, House Bill 715 by Representative Raschein, which had already passed out of the House with a unanimous vote in support. The bill then passed the Senate with a unanimous vote in support as well. The bill now heads to the Governor’s desk for consideration.


As discussed in past weeks, the bill would allow a home existing seaward of the coastal construction line (“CCL”) to be substantially improved and still be eligible to receive Citizens coverage. Such improvements could be the repair, reconstruction, rehabilitation, or improvement to the structure that costs 50% or more of the market value. The bill would continue the prohibition against Citizens coverage eligibility for new homes seaward of the CCL.




Senator Garrett Richter(R) and Senator Mike  Fasano(R) in Tallahassee want to depopulate Citizens Home Insurance  no matter who will suffer. I am personally not opposed to this bill, but people who get taken out will not have the same protection as they would in Citzens. If they would simply vote as they should to raise Citizens rates to what they should be, this would not be necessary. With propor rates, many would leave Citizens   to get better rates w/ Private insurer’s  who are quite often higher than Citizens, especially in Fort Lauderdale. Voting to raise rates is not politicalkly correct to get re-elected so this is a  way out till more problems occur. Please  read the article by” The Current” political paper and please remember to call  L & S Insurance for all of your Insurance quotes for Home, Auto, Flood, Business and Commercial, and  even Life Insurance.

GeoVera is the company that wants 50K policies and it looks like if they meet certain guidelines by the State of Florida this will happen. 50K is not enough, but that will open the door for mare carriers to do the same. The protection does not come from the State of Florida and people will not have a choice to go back to Citizens either.The prices may even be higher, but Citizens does not seem to care so this could happen soon. This would be another Non legislative way for Citizens to get rid of clients as fast as they can. Legislators will never vote to do what  is needed because they want to get re-elected and they  are very shortsighted, but I am with the Governor on this one. Anything to make Citizens a non competitive company w/ prices and coverage’s that are not something anyone would want unless they truly have no options. Please enjoy the entire article and please call L & S Insurance for all of your Home, Auto, Flood, Business & Commercial and even LIfe Insurance policies for Fort Lauderdal and all of Florida.

Senator Garrett Richter is leading the Republican charged  to get the Senate bill 2044 put through since last year it was debated, discussed and passed but veteod by then Governor Christ. GOP Governor Rick Scott is ready, willing and able to sign off on it, but awaits it’s passage.The theory is that the most expensive policy is one where the company is not solvent enough to pay the bills like Citizens and many carriers as well.Last year the OIR tried to get Insurance commissioner  Kevin McCarty on board as well as the issues of Sinkhole were already big . Now it seems the debate is worse because of all the Sinkhole claims and the Fraudulent claims by some Public Adjustors does not make this any easier.Most in Tall. feel that this should not have been vetoed last year and with a pending Hurricane season coming soon, there is a sense of urgency to make some major changes and quickly. This does mean higher prices for a  while at least so please call L & S Insurance to get the best quotes that are available. Please read the full article from the Tampa Bay on line commentary;