FIC: Sinkhole Bill Expanding Coverage Filed In House
By: Katrina Callaway, FIC General Counsel This week, Rep. Zika (R), who represents Pasco County which is located in Sinkhole Alley, filed HB 541 which significantly expands the definition of “catastrophic ground cover collapse” used in sinkhole claims. This expansion will increase sinkhole losses in Florida and should concern the property insurance industry. The current…