Fla. Bill Backs Hurricane P&C Insurance Reform

Law360, New York (April 24, 2009, 12:00 AM EDT) -- Florida legislators have given preliminary approval to a bill that would reform property and casualty policy-price standards in setting rates for state-backed hurricane insurance, in a race to stop a current legal mandate that would push state hurricane insurance policyholder premiums up an average of 55 percent.

HB 1495, co-sponsored by Reps. Bryan Nelson, R-Apopka, and D. Alan Hays, R-Umatilla, passed a preliminary vote on Thursday in Florida's House of Representatives and will go to a full vote before the House as soon as next week,...
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