Experts said Florida's homeowners should not expect lower rates from the new insurance legislation, which aims to address broader market conditions. Consumers enrolled in the state-run insurer, Citizens, should also expect higher costs in the short-term.
a sprawling bill to overhaul the state's property insurance market. Democrats said it didn't relieve the financial burden on homeowners.
"The issues in Florida's property insurance market did not occur overnight, and they will not be solved overnight," DeSantis said in a Dec. 16 press release."The historic reforms signed today create an environment which realigns Florida to best practices across the nation, adding much-needed stability to Florida's market.
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