Florida Senate Committee Approves Actual-Cash-Value Roof Bill

Published February 2, 2022 • Insurance Journal

It came later than some had expected, but Florida’s Senate Banking and Insurance Committee on Wednesday passed a much-anticipated bill that aims to close gaps left by last year’s insurance reform legislation.

Senate Bill 1728, sponsored by committee Chairman Sen. Jim Boyd, R-Bradenton, could help tackle a number of issues that Boyd and others have said are costing insurers and homeowners dearly and have brought Florida’s property insurance market near the brink of collapse.