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Lawmakers weigh flood insurance changes

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State Rep. Larry Lee, D-Port St. Lucie, on Tuesday filed a flood-insurance measure that is similar to a Senate proposal that will get its first hearing next week.

Lee's proposal (HB 813) would require the Florida Commission on Hurricane Loss Projection Methodology to revise flood loss-projection models at least once every four years.

The measure also would extend to Oct. 1, 2025 the time allowed for insurers writing private flood insurance to use rates without approval from the Office of Insurance Regulation.

That period currently expires Oct. 1, 2019.

A similar proposal (SB 420) by Sen. Jeff Brandes, R-St. Petersburg, is scheduled to go before the Senate Banking & Insurance Committee on Feb. 21.