An effort to reduce costs for property insurers set to emerge in the state Senate will closely mirror legislation vetoed earlier this year by Gov. Charlie Crist, but with a stronger push to reduce claims for sinkhole damage.
The oily mess in the Gulf threatens to get messier if and when Floridians start making claims for damages. Insurance industry experts cite several scenarios for compensation, as well as many slippery pitfalls.
Amid predictions of an active hurricane season this year, Citizens Property Insurance Corp. is bulking up its reserves with a $2.4 billion bond offering.
