Florida New Property Insurance Reform

The start of hurricane season is 3-days away and Florida state law makers are looking ahead.

Officials are working on a new property insurance reform to help the insurance market.

The new law provides 715-million dollars in tax dollars.

The money will offset a statewide assessment for all homeowners to cover the deficit run up by the citizens’ property insurance corporation.

The reforms will help more than 40 smaller insurance companies stay in business in Florida so they can provide more coverage.