Fla. Legislators Fight To Lure Home Insurers Back

Law360, New York (May 4, 2009, 12:00 AM EDT) -- 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....
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