Fla. Deduction Law Insurer Impact Seen Limited
NU Online News Service, April 28, 4:23 p.m. EDT?Florida's new law reducing homeowner hurricane deductibles will have a minimal effect on insurers, according to a risk modeling firm.[@@]
Newark, Calif.?based Risk Management Solutions said the law--which goes into effect Sunday for the state's residential policyholders--will increase insurers' average annualized loss by less than 3 percent for deductibles common to Florida homes.
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