Brandes Flood Insurance Bill Wins Unanimous Support

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News Release: Florida Senate
Updated: March 11, 2014, 5:30pm

Tallahassee, FL- Today the Senate Committee on Banking and Insurance unanimously approved Senate Bill 542, Flood Insurance, by Senator Jeff Brandes (R-St. Petersburg). Passage from this committee marks the bill’s final committee stop before full consideration by the Senate. The bill will establish a robust, competitive, private market alternative to national flood insurance.

“The flawed policy in the Biggert-Waters Act proves that we cannot rely on Congress to dictate the future of affordable flood insurance,” stated Senator Brandes. “This bill brings Florida one step closer to controlling its own destiny and charting a course toward a private market solution.”

The legislation provides a great level of flexibility for policyholders to accept coverage levels of their choice on properties, and to adjust deductibles to customize their policies. Additionally, the legislation provides strong consumer protections and review by the Office of Insurance Regulation to ensure that the new private flood insurance market is fair and robust.

The House of Representatives is considering two separate flood insurance bills, both of which will create a private market alternative to national flood insurance. However, the House bills are still being reviewed by committees. Senate Bill 542 will next be considered by the full Senate.

For more information about SB542 please visit

News Release: Florida Senate

Tallahassee, FL- Today SB 542 by Senator Jeff Brandes (R-St. Petersburg) passed the Senate Committee on Appropriations with strong unanimous support. The bill lays the framework for a private flood insurance marketplace in Florida in response to rate increases from the National Flood Insurance Program.

“Florida families are facing foreclosure because of drastic rate increases on their flood insurance policies,” stated Senator Brandes. “The only answer coming out of Washington is to continue to kick the can down the road by delaying rate increases, and they can’t even agree on that. We need a Florida solution that addresses this problem and provides some stability while preserving consumer protections in our state.”

“I commend my friends in the Senate for their quick response in moving this important flood insurance legislation forward,” stated Representative Larry Ahern (R-Seminole) who is the sponsor of the companion measure to SB 542 in the House of Representatives. “Washington mandates have created skyrocketing flood insurance premiums, homeowners across our state need relief, and our constituents want viable options and solutions. I hope to see this bill move through a House committee in the upcoming weeks and look forward to working with my colleagues on this issue.”

The bill provides a range of options for policyholders in deciding coverage amounts that will reduce the cost of insuring a structure for the risk of flood. The bill also provides flexibility to insurers to offer a range of insurance options to policyholders to best fit their individual needs. The House of Representatives has not advanced either of the two flood insurance bills pending in their respective committees.

To learn more about SB 542 please visit

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