Florida Lawmakers Approve Bill Limiting AI in Insurance Claims

Florida lawmakers are advancing several bills aimed at addressing the state's ongoing property insurance crisis, which has seen rising premiums and consumer frustration. Senate Bill 1740, introduced by Sen. Blaise Ingoglia, seeks to extend the prohibition period for executives of insolvent insurers from two to five years and enhance oversight of managing general agents. Concurrently, House Bill 1551 aims to allow policyholders to recover attorney fees in lawsuits against insurers, reversing recent reforms that critics argue weakened consumer protections. Additionally, another proposed bill would increase transparency by repealing exemptions that shield information about failed insurers from public view. These legislative efforts reflect a balancing act between safeguarding consumer rights and stabilizing the insurance market amid a high volume of litigation in Florida. Critics caution that some measures could lead to increased litigation and further instability in the insurance industry.