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Insurance roundup: Possible condo special session, lower insurance on new builds, rates drop in Tampa area

Insurance roundup: Condo special session, lower insurance on new builds, rates drop in Tampa area
Florida high-rise condo
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TAMPA, Fla. — We are continuing to cover the price of paradise and the state of insurance with the top insurance headlines for the week.

1. DESANTIS ON CONDO REFORM

  • Pressure is mounting on Florida lawmakers to address the rising costs for condo owners.
  • A special session of the legislature could potentially provide a solution.
  • The Florida House, Senate, and governor cannot agree on the necessary actions.

    Lawmakers search for answers for Condo issues

2. LOWER INSURANCE RATES ON NEW BUILDS

  • A Florida-based insurance company is offering a new program of lower premiums to buyers of newly constructed homes.
  • "This program is for new home construction, and it's an embedded program that is sold through the builder," Melissa Burt DeVriese, the president of Security First Insurance, said.

    Why new homes could be affordable solution to insurance costs

2. TAMPA  BAY AREA AGENT SEEING RATES DROP

  • One Tampa Bay insurance agent is seeing issurance rates coming down.
  • He said he is seeing the drop in the last 60 days.
  • See my full report on Wednesday.

    Tampa Bay agent seeing rates drop

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Friends rally behind homeowner in Largo after EF-1 tornado

Frances was out of the country when a storm blew through Largo, ripping the roof off her home in the process. Her friends, Debbie Jackson and Sam Rogers, rallied people from Sam's Facebook group, "Beach Bum Fun in the Sun," and began moving Frances' stuff out of her home and into a safer location.

Friends rally behind homeowner in Largo after EF-1 tornado