By TALLAHASSEE, Fla. (AP) — The Florida Senate on Tuesday approved a sweeping legislative package intended to address rising property insurance rates and other problems in the state’s turbulent insurance market, in creating a $2 billion reinsurance fund and drafting new rules regarding denial of coverage and counsel. costs.
The Republican-controlled Senate approved the legislation after hours of debate. The proposals now await passage in the House, which is expected on Wednesday.
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