Florida lawmakers to address home insurance crisis during special session on Monday

TALLAHASSEE, Fla. — Florida lawmakers are just one day away from taking on the state’s crumbling home insurance industry.

READ: Florida House, Senate Democrats call for relief for renters during special session

The special session in Tallahassee on Monday will focus on major homeowners’ insurance carriers that have been pulling out of the state.

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That, along with a flood of roof-related lawsuits, is pushing up premiums for homeowners in our area.

Lawmakers have been speaking out on this growing problem, heading into the session.

READ: Florida bills limit roof refusal by insurers, add new fund

“This is an industry in collapse,” said state Sen. Jeff Brandes. “The people that are paying the price are the homeowners, the renters and the condo owners around the state of Florida.”

WATCH: Rent in Central Florida has increased by more than 20% in the last year

Lawmakers said that regardless of the special session’s outcome, it will be a while before residents see any major drop in premiums.

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