Fla. Sen. Seeks To Shrink Hurricane Fund's $17B Coverage
Sen. Alan Hays, R-Umatilla, filed S.B. 482, which would reduce the Cat Fund's coverage from $17 billion to $14 billion by 2017. The measure would also reduce the maximum reimbursement allowed for insurers tapping into the fund.
Hays' bill comes just weeks after Sen. Jeremy Ring, D-Margate, filed a competing bill aiming to...
To view the full article, register now.