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RE: LeoThread 2024-12-31 08:23

in LeoFinance10 months ago

Part 4/6:

Not everyone is on board with the proposed changes. Representatives from the Florida Homeowners Insurance Alliance have expressed skepticism, raising concerns that if private insurance companies are only responsible for covering lower-risk items, the cost implications could backfire. Stakeholders worry that this pivot would force private insurers to increase coverage rates across the board, counteracting the intended benefits of HB 13.

Financial Implications