Rick Scott signs flood insurance flexibility bill into law

Jeff Brandes

Gov. Rick Scott on Thursday afternoon granted final approval to a measure sponsored by Sen. Jeff Brandes aimed at increasing flexibility and lowering premiums on flood insurance.

SB 1094 was co-sponsored by Brandes’ fellow Pinellas County Republican Rep. Larry Ahern.

Brandes and Ahern both represent moderate coastal districts where flood insurance is among voters’ highest priorities. Brandes has passed legislation before in the Senate related to the federal Biggert-Waters Act.

The measure would allow insurance companies and those seeking coverage by flood policies to deviate from federal guidelines set forth by the National Flood Insurance Program, provided both parties agree to the terms.

It also requires local coastal management plans to include consideration of flood risk and otherwise encourages local governments to tackle the issue by acting directly to mitigate flood damage.

Ahern and Brandes both emphasized the so-called “customizable” aspect of their proposal following its passage through the Legislature. The bill allows an insured to negotiate with an insurance underwriter directly to come to flood coverage terms regarding deductibles and reimbursement levels.

“This bill gives Floridians an affordable option that may keep them in their homes, and empowers homeowners to take control of their flood insurance,” Brandes said in a joint prepared statement with Ahern when the bill passed the Legislature in late April.

“Washington has held our homeowners hostage with drastic rate increases, but this legislation shows that Florida is committed to private market flood insurance reform.”

The bill becomes law July 1.

Ryan Ray

Ryan Ray covers politics and public policy in North Florida and across the state. He has also worked as a legislative researcher and political campaign staffer. He can be reached at [email protected].



#FlaPol

Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch @PeterSchorschFL

Contributors & reporters: Phil Ammann, Drew Dixon, Roseanne Dunkelberger, A.G. Gancarski, William March, Ryan Nicol, Jacob Ogles, Cole Pepper, Jesse Scheckner, Drew Wilson, and Mike Wright.

Email: [email protected]
Twitter: @PeterSchorschFL
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704