TITLE

Florida House OKs Insurance Law Reform, Including Bond-Backed Bailouts

AUTHOR(S)
Sigo, Shelly
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/1/2006, Vol. 356 Issue 32371, p48
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of the Florida House to approve sweeping changes to the state's property insurance laws. Changes include a new bond program to bail out insolvent insurers. The legislative bill is expected to bolster the private property insurance market, which has reduced its ranks because of hurricane-related losses.
ACCESSION #
20803433

 

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