Florida Senate passes insurance bill
Premiums could rise
Florida Senate passes insurance bill
Bill aims to reduce homeowner storm risk
By Julie Patel
South Florida Sun Sentinel
8:53 PM EDT, April 28, 2009
The Florida Senate passed a broad property insurance bill Tuesday that is expected to boost most statewide home and condominium insurance rates and reduce Floridians’ risk of paying damages if a major hurricane hits.
There are several major differences in the legislation passed by the Senate and earlier by the House, including by how much to increase state-backed Citizens Property Insurance rates. They have to hammer out a compromise before Gov. Charlie Crist considers signing it into law.
