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Fla. house rejects plan to shift Citizens policies

Posted April 30th, 2014 @ 6:30am

TALLAHASSEE, Fla. (AP) - The Florida house is rejecting a proposal that could shift homeowners away from Citizens Property Insurance and into unregulated out-of-state insurers.

The Florida senate last week narrowly voted for a property insurance bill that would allow homeowners seeking coverage from citizens to be shifted to a private surplus line insurance company. Surplus line companies are not subjected to the same regulations as companies based in the state.

But the house on Tuesday stripped out that provision from the bill (SB 1672).

Rep. John Wood, R-Winter Haven, said that the issue was dead for this year's session.

Lawmakers have taken several steps over the last few years to try to steer people away from the state-created citizens. But legislators from coastal areas have objected to steering people into surplus line companies.

Photo Credit Getty Images

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