Yesterday, the Florida Senate approved a package aimed at fighting rising property insurance rates by creating a $2 billion re-insurance fund and writing new rules around coverage denials and attorney fees. The proposals now await passage in the House, which is expected to happen today. It creates the $2 billion program for insurers to purchase insurance to help insulate themselves from risk. In order for an insurer to access the fund though, it would have to reduce policyholder’s rates. The bills would forbid insurers from automatically denying coverage because of a roof’s age if the roof is less than 15 years old. If an inspection shows that a roof has at least five years of life remaining, insurers can’t refuse to issue a policy only based on the roof’s age, under the proposed legislation.