Proposed Changes to Property Insurance Rate Regulations

Original title: Rate Filings for Property Insurers

March 13, 2026

insurance consumer protection property insurance rate regulation administrative law

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The Frame

What this does

The bill would have limited property insurance rate hikes to 10% for a single filing or 15% cumulatively over 12 months, directly impacting the maximum premiums property insurers could charge Florida residents.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Property insurers

Insurers would have been subject to new rate increase caps and increased oversight from the consumer advocate.

Consumer advocate

The advocate would have received expanded legal authority to investigate and challenge insurance rate filings.

Property insurance policyholders

Policyholders would have been subject to the proposed 10% and 15% caps on annual rate increases.

What changed

Last recorded activity March 13, 2026.

What's next

Introduced.

Summary

This bill would have granted the state's consumer advocate new powers to challenge property insurance rate increases and set strict caps on how much insurers could raise rates annually. It also mandated expedited legal timelines for insurance rate disputes.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

Frequently Asked Questions

Would this bill have lowered my insurance rates?

The bill would have capped the amount by which insurers could increase rates, but it did not mandate a reduction in existing premiums.

What power would the consumer advocate have had under this bill?

The advocate would have been able to subpoena records, compel witness testimony, and formally challenge insurance rate filings in administrative hearings.

Did this bill pass?

No, the bill died in the Banking and Insurance committee on March 13, 2026.