Share and Follow
TALLAHASSEE, Fla. (WFLA) — State lawmakers kicked off the 2025 legislative session investigating insurance companies in the state that were claiming to be broke, while at the same time shifting billions to their affiliate companies.
Now that the session has wrapped, where do the investigations stand?
After an extended session that lasted 105 days, lawmakers left Tallahassee without taking further action on insurance concerns, despite holding investigations that raised major red flags.
At the start of the legislative session, House members held hearings to interrogate the state’s current and former insurance regulators, pressing them on a secret study that revealed Florida insurers were shifting money while claiming to be broke.
In the first hearing, former and current commissioners for the Office of Insurance Regulations claimed the study was incomplete and stuck in draft mode.
However, at the second hearing, the author of the bombshell study said she believed it was complete, and regulators never told her it wasn’t.
Now, months later, questions still remain, like will there be an additional study on these concerns? Will lawmakers ever get a full report? And will there be any new legislation to protect Floridians in the future?
“We started out the session where there was a lot of talk, there were insurance companies that were moving profits over to their subsidiaries, and in doing this in a way that seemed misleading to the state, you know, we talked about having an investigation and at the end of the day. Nothing has happened, and so Floridians are still left holding the bag,” said State Rep. Fentrice Driskell.
House Speaker Danny Perez, however, said the House and Senate are looking into growing insurance concerns, including property insurance.
“We are having internal discussions, and I feel comfortable speaking on behalf of the senate that we solve for property insurance, that is a part of the problem. We are looking into it as we speak,” Perez said.