mike_fasano.jpgTALLAHASSEE, Fla. (AP) _ A property insurance overhaul aimed at creating more competition in the private marketplace and cutting down on fraudulent sinkhole claims is on its way to Gov. Rick Scott.

The Senate passed the bill (SB 408) on a 26-11 vote Thursday just moments after it was almost derailed by an amendment offered by Sen. Mike Fasano that missed being approved by a single vote.

Fasano targeted a provision in the bill that would allow insurers to pass along increases of up to 15 percent to customers to help cover reinsurance costs.

The House had told the Senate it would not accept any changes in the proposal passed Thursday.

The Senate also accepted a change in the House version that requires all property insurers to make sinkhole coverage available to their customers.