Federal agencies would be asked to examine Florida's home insurance ratings and potential bailout risks.
This resolution would ask Fannie Mae and Freddie Mac to look closely at how one company rates Florida's home insurers. It would also ask the Treasury Department to study if Florida's state-backed insurer might need a federal bailout. These actions could lead to future changes affecting Florida homeowners and federal taxpayers.
Today, Florida's home insurance market faces high risks, with average annual premiums around $14,000, and a rating agency that rates most insurers highly despite higher failure rates. After this resolution, federal agencies like Fannie Mae, Freddie Mac, and the Treasury Department would be asked to investigate insurance rating practices and the risk of state-backed insurers needing federal bailouts. This could lead to greater scrutiny and future policy changes.
SRES 556 · 119th Congress · December 17, 2025 · AI Summary by gemini-2.5-flash · 9/10
Sign in to see your representatives' phone numbers