A new effort is underway in the Florida Senate to further regulate a controversial practice that property insurers say is leading to rate increases.
The Senate General Government Appropriations Subcommittee on Wednesday unanimously approved a proposal (SB 1248) dealing with the practice known as "assignment of benefits." The state-backed Citizens Property Insurance Corp. and Lt. Gov. Carlos Lopez-Cantera have raised concerns the industry is on the verge of a crisis unless action is taken.










