WeVote

Bill

Bill

SB 1746

Property Insurance Policies

2025 Regular Session Introduced by Tina Polsky

Florida property insurance bill introduced to address market instability; died in committee after being indefinitely postponed from further consideration in 2025.

Died in Banking and Insurance
0
WeVote Research Nonpartisan
Bill Summary · SB 1746

Legislative bill overview

SB 1746 addresses regulations governing property insurance policies in Florida, though the specific provisions are not detailed in the legislative record provided. Senator Tina Polsky introduced the bill in February 2025 as a response to ongoing property insurance market challenges in the state. The bill was referred to multiple committees including Banking and Insurance before being withdrawn from consideration.

Why is this important

Florida's property insurance market has faced significant instability in recent years, with several major insurers becoming insolvent and consumers facing rising premiums and coverage gaps. Legislative efforts to stabilize this market directly affect homeowners' ability to obtain affordable insurance and the state's overall economic resilience. Any policy changes in this sector have cascading effects on housing affordability, property values, and state finances (through the insurer of last resort, Citizens Property Insurance Corporation).

Potential points of contention

  • Market intervention vs. market freedom: Debates over whether regulations should mandate coverage requirements, rate structures, or insurer solvency measures versus allowing market competition to determine outcomes
  • Consumer protection vs. insurer profitability: Tension between protecting homeowners from premium increases and ensuring insurance companies remain solvent and willing to operate in Florida
  • Cost allocation: Questions about who bears the burden of insurance market instability—individual policyholders, insurers, reinsurers, or the state through Citizens Property Insurance Corporation

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.