While insurers bemoan their troubles with Florida lawmakers this week, they stand to win at least one fight.
The Florida House and Senate are on the verge of dramatically changing state law on sinkhole insurance. This could cut rates in half for homeowners in hard-hit Pasco and Hernando counties, where 80 percent of all Citizens Property Insurance Corp. sinkhole claims are filed.
But homeowners would shoulder more risk.
After tweaking the process the last two years, the House and Senate are going a new route. They would make sinkhole coverage, which has been standard in most policies, an optional purchase.