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TALLAHASSEE — Both supporters and opponents of a bill that would partially deregulate Florida’s property insurance market are fiercely lobbying Gov. Charlie Crist as he nears a decision about whether to sign the bill or follow his apparent instinct to veto it.

Crist formally received the bill late last week and has until June 27 to decide. But he has for weeks signaled his distaste for House Bill 1171, sponsored by Rep. Bill Proctor, Read the rest of this entry »

Florida Insurance Commissioner Kevin McCarty tried to lobby members of Congress last week for a federal line of credit to help cover an $18.5 billion shortfall in the state’s Hurricane Catastrophe Fund, a gap that could pose problems for some of the state’s recent insurance startups.

Indeed, “the potential inability” of the Florida Hurricane Catastrophe Fund to honor claims might adversely affect the Financial Stability Rating Read the rest of this entry »