Fla. Gov. Vetoes 'Consumer Choice' Insurance Bill

Law360, New York (June 24, 2009, 12:00 AM EDT) -- Florida Gov. Charlie Crist has vetoed a bill that would create a new line of residential property insurance in the state with no prescribed upper-rate limits, as he battles with state legislators over how to best protect consumers in the state's precarious property insurance market.

Crist sent back Florida House of Representatives Bill 1171 on Wednesday, explaining in a letter that the bill, which passed the state's House and Senate with strong bipartisan support, would have endangered Florida consumers by allowing private residential property insurers to...
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