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A.M. Best Co.
BestWeek: Florida Lawmakers Shift Thinking, Pass Bills to Face the Risk
May 30th, 2009
It took a lot for the tide in the Florida Legislature to turn in support of measures aimed at making the state property insurance market more financially sound, according to an article in BestWeek U.S./Canada. The state-run last-resort insurer, Citizens Property Insurance Corp., had ballooned to become Florida’s largest homeowners carrier, and the Florida Hurricane Catastrophe Fund has a giant funding hole in it. But soon to make their way to Gov. Charlie Crist’s desk are several bills from the last day of the legislative session that the industry says recognize the Sunshine State’s financial well-being. The story is the fourth in a BestWeek series profiling hurricane coastal...
Source: Law & Health Weekly (2009-05-30)
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