Monday, May 7, 2007

Florida lawmakers tweak state-run insurance pool

(Reuters) - In the waning hours of the 2007 session, members in both the Senate and the House approved changes to Citizens Property Insurance Corp., the state-run insurer pool that is now the largest property insurer in Florida.

For Citizens' customers, the bill extends for a year a rate freeze that was to end Jan. 1. The extension is expected to save Citizens' customers at least $350 million statewide.


Read more at Reuters.com Bonds News

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