From March 13, 2008

Insurance

Today, HB 983 Relating to Windstorm Insurance Coverage by Representative Dennis Ross (R-Lakeland) was unanimously passed by the House Insurance Committee. The bill creates a new program for windstorm insurance coverage to provide windstorm coverage for non-commercial residential property. The creation of this program does not preclude private insurers from providing windstorm coverage for non-commercial residential property as they do under current law.

HB 983 will now be considered by the House Jobs & Entrepreneurship Council.

An analysis as to potential deficits and hurricane taxes to fund the deficits has not been performed. AIF will not take a position on the bill until further funding information is available.