Property Insurance

Gov. Ron DeSantis called the special session after widespread problems that have included homeowners losing coverage and seeing skyrocketing rates.

Some lawmakers and industry analysts worry the new laws don’t deliver relief fast enough and don’t go far enough for property owners to see a difference.

Moving quickly after a special legislative session, Gov. Ron signed bills to try to stem problems in the property-insurance market and to bolster the safety of condominium buildings.

Many Democrats say the bill wouldn’t provide immediate rate relief to homeowners.

Bill sponsor Jim Boyd acknowledged the bill likely will not lead to immediate rate cuts for homeowners.

Sen. Jeff Brandes, R-St. Petersburg, compared conditions in the industry to having “Stage 4 cancer and failing” but that the proposals were like treating “Stage 1 cancer.”

Insurers blame questionable, if not fraudulent, roof-damage claims for driving up costs.

Property insurance rates are skyrocketing and Florida lawmakers promise action.

Homeowners are paying more for less coverage as insurance companies ditch customers. Others have gone out of business.

DeSantis did not provide details of changes he expects lawmakers to pass during the special session, which begins May 23.

The hearings will come less than a week before the May 23 start of a special legislative session that Gov. Ron DeSantis called to grapple with widespread problems in the insurance market.

It will begin on May 23, days before the start of hurricane season on June 1.