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NEW YORK–Florida’s legislative remedy to halt escalating homeowners’ insurance costs will not be duplicated elsewhere despite its perceived popularity there, an insurance executive predicted.

“There were fears that others would pursue Florida’s example, but the other states have stepped back,” said Glenn Pomeroy, vice president and head of regulatory affairs for Swiss Re. “It was tempting [for them, but] they do not want to go in that direction at all.”

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