Fla. lawmakers to vote on plan to cut property insurance rates

Monday, January 22nd, 2007 Legislation & Regulation Property Risk Management

Florida homeowners could see property insurance rates cut by as much as 40% under a plan finalized Sunday by lawmakers hoping to reverse hurricane-fueled increases many residents say have threatened to price them out of their homes. Lawmakers said the wide-ranging proposal they’ll vote on Monday is expected to provide savings of up to 20% for many of the coastal customers of Citizens Property Insurance Corp., the state-created company that has become Florida’s largest property insurer.

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http://www.usatoday.com/news/nation/2007-01-21-florida-insurance_x.htm?csp=34

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