Florida Pushes Bill to Tame Storm-Driven Rise of Insurance Costs.

(Bloomberg) -- Florida's legislature passed a bill that would create a state-backed reinsurance fund and attempt to ease litigation costs that have pushed a homeowners-insurance market already contending with monstrous storms toward the brink. It requires insurers to cover the cost of litigation on behalf of plaintiffs who sue them successfully, but doesn't force policyholders to cover such costs for their insurer if they lose. [Extracted from the article]