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Bill seeks to promote private flood insurance market
A long-term effort to promote private flood insurance in Florida is continuing in the Legislature this year.
Sen. Jeff Brandes, Republican from Florida’s flood-prone west coast, is again pushing to make the state more friendly to private flood insurance options.
This year, Brandes has introduced a bill that would enable companies selling private flood policies to set their own rates without needing approval from state regulators for six additional years, through 2025.
The extension would replace a deadline of October 1, 2019 set after enactment of a bill Brandes introduced in 2014.
Read more: http://www.sun-sentinel.com/business/fl-bz-surplus-flood-insurance-bill-20170306-story.html
