Florida's Bush Signs Plan to Bolster Hurricane Insurers

Sigo, Shelly
May 2006
Bond Buyer;5/17/2006, Vol. 356 Issue 32383, p40
Trade Publication
The article reports on the new law which contains major reform measures to resolve the state's unstable property and casualty market caused by hurricanes and tropical storms, approved by Florida governor Jeb Bush. The governor believes that the new delegated legislation will help ensure the long-term economic vitality of the state. He appropriates $715 million in cash to reduce a deficit incurred by the Citizens Property Insurance Corp., a government-owned company.


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