3 insurance companies stop or limit writing new business in Florida
TAMPA, Fla. (WFLA) — Hurricane season is on the way and right now, some Tampa Bay area homeowners are about to find out their property insurance is about to be canceled.
There are signs that Florida’s new property insurance laws have not calmed the troubled market.
New laws were passed in a special legislative session in Tallahassee, called specifically to deal with this crisis.
Now, three insurance companies are suspending or limiting new business in the state. What’s worse: one is also suspending renewals, putting policyholders in a tough spot.
At the special session in Tallahassee last week, lawmakers told 8 On Your Side that while property insurance reforms on the table were a step in the right direction, they don’t go far enough.
“Do you anticipate we could be back here soon?” asked 8OYS investigator Mahsa Saeidi.
“I do,” said State Sen. Jeff Brandes, a Republican from St….
