At the March 25 meeting of the Santa Rosa County Board of County Commissioners, Commissioner Lane Lynchard added to the agenda a discussion concerning Florida House Bill 7123 as it relates to raising caps on damages for awards against local governments.
Lynchard noted that historically Florida had imposed a $100,000 per person and $200,000 per accident cap which had been increased to $200,000 per person and $300,000 per accident a couple of years ago.
The current bill would further increase the caps to $1 million per person and $1.5 million per accident.
Lynchard voiced concern that if the legislation is passed it would cause a significant annual insurance premium increase upon a budget he described as “already lean.”
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