'04 Court Ruling Could Hurt Fla. P-C Industry
NU Online News Service, April 13, 3:25 p.m.EDT?While Florida state lawmakers consider a raft ofmeasures dealing with the record 2004 hurricane season, oneparticular item could make or break the property-casualty industry,said a trade group representative.[@@]
The legislators are considering a provision to reverse theeffect of a 2004 Florida 4th District Appeals Courtruling that in effect requires carriers to pay total replacementcosts for a destroyed home, even if flooding caused most of thedamage.
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