Property Insurance Reform In The News
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Keep killing the Citizens Insurance fund transfer
- Tallahassee Democrat (new window)
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06/05/08
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Opinion by Walter Dartland & Brad Ashwell
On May 28, Gov. Charlie Crist vetoed a provision quietly slipped into the Homeowners Bill of Rights Act (CS/CS/SB 2860 and 1196) that could have left Floridians on the hook for an additional $250 million in insurance losses.
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This new potential liability would have been added to the millions of dollars in deficits incurred by Citizens Property Insurance Corp. as a result of the 2004 and 2005 hurricane seasons.
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