Jeff Grady, the Florida Association of Insurance Agents president, has spoken about the successes and failures of the most recent legislative session now that has finished.
Grady discussed the changes that were made within the legislative session under the new governor as well in conjunction with a House and Senate that both have a strong majority that is pro-business. The agenda was geared toward reforms in tort and property, as well as a high profile urging to revamp the no-fault auto law.
That said, while there were some significant reforms made – particularly in the subject of private property – what was not covered was the Citizens Property Insurance Corp., which is state backed. By the closure of the legislative session, Grady has indicated that there was a feeling of failure in that area, for many within the insurance industry, and that at best there were only partial outcomes.
Grady said that the property industry should feel as though the session as a whole was a success. Though the primary property bill had gone through two rounds of vetoing before it finally passed, progress was made. However, Grady was also quick to point out that he found the lack of reform to the Citizens Property Insurance to be disappointing.
He went on to explain that he understood that there were a number of very large issues on the table and that the legislative process makes it challenging to get through all of them within a session of only 60 days. As the property issues, as well as tort and no-fault, took up the vast majority of that time, it is no surprise that some other concerns were missed.