Florida's Insurance Reform: Ambitious Measures Yet Critics Call for Comprehensive Solutions
In a bid to stabilize a tumultuous insurance sector, Florida's government has passed a reform bill aimed at curbing litigation costs and regulatory burdens. However, critics argue that the legislation falls short of addressing climate change impacts and escalating reinsurance costs, which they claim are the true drivers of soaring premiums. The debate continues over whether these reforms will genuinely lower costs or merely scratch the surface.
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