Florida Lawmakers Hope to Have Insurance Compromise By Monday

Insurance companies have been shut out of the debate as angry homeowners took center stage at the Capitol this week.

Now, insurance executives are raising red flags about whether the proposals on the table might have unintended consequences.

Jeff Grady with the Florida Association of Insurance Agents explains, "We obviously want to protect the interest of the companies that are here, but there are some angry policy holders that rightfully are suffering. Folks are listening to that and not being so inclined to listen to what the insurance industry says this market needs."

Two main sticking points are whether citizens’ property insurance should be allowed to take on even more business, and how much taxpayers should be off the hook to cover major storm losses.

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