Florida Lawmakers Shift Thinking, Pass Bills to Face Cat Risk

Hemenway, Chad
June 2009
Best's Review;Jun2009, Vol. 110 Issue 2, p16
Trade Publication
The article reports on the move of lawmakers in Florida to pass legislations which aimed at bolstering the financial condition of the region. It mentions that Governor Charlie Crist is expected to sign House Bill (HB) 1495, which enables Citizens to raise rates by up to 10% per policy starting in 2010 and HB 1171, which allows capitalized insurers to sell homeowners and condominium policies without the need for approval from the Office of Insurance Regulation.


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