Solutions to Restore Florida’s Property Insurance Marketplace to Protect Taxpayers and the Insured

The 2011 session of the Florida Legislature will convene in the midst of state budget worries, a lingering real estate crisis, and a still-sluggish national economy. Therefore, lawmakers will face a challenging series of problems that a single legislative session will be hard-pressed to solve. Even so, there is an area in which the 2011 Legislature does have a singular opportunity to take steps that arguably would improve the state’s economy and better protect taxpayers, while also helping to preserve Florida’s environment. To achieve those goals, the Legislature needs to undertake a comprehensivereform of the state’s dysfunctionalproperty insurance system.