'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 of measures dealing with the record 2004 hurricane season, one particular item could make or break the property-casualty industry, said a trade group representative.[@@]
The legislators are considering a provision to reverse the effect of a 2004 Florida 4th District Appeals Court ruling that in effect requires carriers to pay total replacement costs for a destroyed home, even if flooding caused most of the damage.
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