NU Online News Service, Feb. 9, 12:08 p.m. EST

The Florida Senate Banking and Insurance Committee earlier this week delayed action on a massive property insurance bill aimed at reforming everything from sinkhole claims to the amount of surplus a property insurer should carry.

The bill's author and committee chairman, Sen. Garrett Richter, R-Naples, decided to postpone a vote to advance the bill in favor of hearing more public comment and debate among committee members, according to the Florida Insurance Council (FIC).

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