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Initiating a Property Insurance Interstate Compact (SB366)
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Florida
2026
The bill aims to create an agreement between states to form a national risk pool for property insurance against natural disasters. This would help reduce financial risks for residents by spreading costs across multiple states. It requires the Insurance Commissioner to establish this compact with at least 14 other states, providing a unified response to disasters. If successful, it could lower insurance premiums and improve access to coverage.
Vote Yes on this bill if you want to establish a national risk pool for property insurance to reduce financial risks associated with natural disasters.
Organizations that support this bill may include insurance companies and trade associations that aim to mitigate financial risks from natural disasters.
Supported By
Vote No on this bill if you want to maintain the current state-managed insurance systems without establishing a national risk pool.
Organizations that oppose this bill may include entities concerned about the potential increased regulatory complexities and those advocating for state sovereignty in insurance matters.
Opposed By
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