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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.

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