Wednesday, February 8th, 2006 — New legislation that would expedite the rebuilding process for hurricane victims will be suggested to the Florida Legislature by Tom Gallagher, the state’s CFO. The measure would ensure homeowners immediately receive insurance money for additional living expenses and lost personal contents, as well as 20 percent of the insurance proceeds to repair structural damage, without the need for an endorsement from their financial institution. Florida’s CFO said insurance companies should issue checks for living expenses and personal contents only to the homeowner because the financial institution does not have a vested interest.