Florida lawmakers pass legislation they say will overhaul state's property insurance system

With property insurance described as a "hidden tax" on homeowners, Florida lawmakers gave final approval to a massive bill to overhaul the state's troubled insurance market. But supporters acknowledge it's designed to keep more private insurers in the state rather than lower rates, and for some homeowners, the bill could increase costs.

Florida lawmakers set to meet for special session to address ailing property insurance market

The Florida Legislature will meet next week for a special session on property insurance and property tax relief in the wake of damage caused by Hurricane Ian. The state's property insurance system is in turmoil, with six insurers being declared insolvent this year alone. Private companies have dropped hundreds of thousands of customers, forcing them into Citizens, the state's insurer of last resort.

DeSantis calls for special session to provide property tax relief for Hurricane Ian victims

Gov. DeSantis is calling for a special legislative session to provide property tax relief to Hurricane Ian victims. He says in the meantime, he will issue an executive order until lawmakers can act, which would delay property tax payments on any properties that were destroyed or made uninhabitable in 26 Florida counties designated for FEMA disaster assistance.