Representatives Greg Steube (R-FL) and Jimmy Patronis (R-FL) joined Senator Rick Scott (R-FL) in introducing two bicameral bills, the Flood Insurance Transparency Act of 2025 and the Removing Barriers to Private Flood Insurance Act.
The first bill, the Flood Insurance Transparency Act, reforms the National Flood Insurance Program (NFIP) by requiring the program to publicly disclose its methods to calculate premiums and flood elevations in underwriting.
More specifically, the data released would include a property's "loss ratio," policy history, and "multiple-loss properties" that have not undergone mitigation measures.
Meanwhile, The Removing Barriers to Private Flood Insurance Act eliminates the NFIP's "Write Your Own (WYO) non-compete clause," which currently prevents private insurers from diversifying their products.
"Florida homeowners depend on flood insurance for long-term financial security from hurricanes and other natural disasters," Rep. Steube said in a statement. "It is unacceptable that the bloated and inefficient bureaucracy of the National Flood Insurance Program (NFIP) has saddled working families in the Sunshine State with higher costs and soaring rates for coverage."
Rep. Patronis echoed his remarks, sharing that "the National Flood Insurance Program has become burdened by bureaucracy and debt, and Florida families are paying the price through higher premiums and fewer choices."
He went on to explain that the legislative effort will "fix this broken system by pulling back the curtain on how rates are set and by giving the private market room to compete, unleashing free-market solutions that encourage innovation, increase options, and provide reliable coverage for homeowners." "These reforms are about fairness, accountability, and making sure families finally have access to the protection they deserve," he added.
Sen. Scott also shared some comments, expressing that "flood insurance costs remain a top concern for families in Florida and across the country who want access to affordable and dependable coverage when it matters most."
"Unfortunately, the National Flood Insurance Program (NFIP) has long been plagued by inefficiency, crushing debt, and rate hikes that unfairly affect Floridians," the Florida Senator continued. "It's yet another example of how government overreach can lead to a broken system... This will help create a stronger, more competitive market that gives homeowners in Florida more affordable options and greater flexibility. Together, we can get these much-needed changes passed and ensure government works better for American families."
