Senate Banking and Insurance Committee Reviews Property Insurance Rate Reduction Bill

Mar 4, 2009

The Senate Banking and Insurance Committee met on Wednesday, March 4, 2009.  Items on the agenda included:

  • SB 742:  Relating to Property Insurance Rate Reduction by Senator Mike Fasano

SB 742, the “Property Insurance Rate Reduction Act,” would require that insurance companies writing property insurance policies in the State of Florida consider geologic hazard (i.e. sinkhole) information in order to reduce the amount of risk assumed when setting rates.  SB 742 would become effective upon being signed into law.

To view the Committee packet, click here.


Should you have any questions or comments, please contact Colodny Fass.


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