SB 542 – relating to Flood Insurance
On Monday, April 28th, SB 542, relating to Flood Insurance, by Senator Jeff Brandes (R-St. Petersburg) passed the House chamber with amendments by a 98-11 vote. The bill now heads back to the Senate for consideration.
This legislation is the Senate’s flood insurance plan, designed to attract personal residential insurers to write flood insurance, which is currently covered almost entirely by the National Flood Insurance Program.
AIF supports the Legislature’s efforts to attract more private writers for flood insurance to give consumers an alternative to the federally run government program, the National Flood Insurance Program.