Florida Gov. Charlie Crist says he’s leaning toward vetoing a bill that would deregulate some premiums for property insurance.
Asked he would veto the bill, Crist said he’s “moving in that direction.” He said he thinks deregulation is inappropriate at this time.
The bill (HB 1171) would let homeowners and businesses, if they choose, pay higher rates to get coverage for hurricanes and other hazards from highly capitalized national insurers.
It’s partly a response to a decision by State Farm Florida to withdraw from the state after failing to get approval of a rate increase company officials say they needed to remain financially viable.
Topics Florida
Was this article valuable?
Here are more articles you may enjoy.
Former Bucknell University Coach Charged in Death of Freshman Football Player 
Ryanair Passenger Partly Sucked From Jet After Window Breaks 
CSU Lowers Atlantic Hurricane Forecast to ‘Well Below Normal’ 
Developer Downplays Structural Concerns at ‘Unstable’ Midtown Manhattan Tower 
