Sinkhole concerns added to property insurance bill

  Wednesday, January 26th, 2011 Source: Business AP

Lawmakers turned their attention Tuesday to an increasingly expensive problem of questionable sinkhole claims that is driving up insurance premiums for Florida homeowners. The Senate Banking and Insurance Committee heard testimony but took no immediate action on a bill (SB 408) similar to one passed and vetoed last year. It’s aimed at making homeowners’ policies more affordable by creating a more competitive private insurance market.

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