Law360, New York (May 04, 2009, 12:00 AM ET) -- Florida's regulation of residential property insurance rates, which sent State Farm Florida Insurance Co. fleeing from the state, may be on the way out if a bill approved by state legislators can win the signature of Gov. Charlie Crist.
Florida senators voted 27-9 on Friday to approve S.B. 2032, sponsored by Sen. Michael S. Bennett, R-Bradenton, a bill that would create a new line of residential property insurance in the state with no upper limits on rates traditionally set by the Florida Office of Insurance Regulation....
Fla. Legislators Fight To Lure Home Insurers Back
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