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S.C. Gov. Signs Coastal Insurance Bill

South Carolina Republican Gov. Mark Sanford signed an omnibus property insurance measure into law yesterday that gives insurers incentives to cover homes in the state's wind pool territory and provide

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South Carolina Republican Gov. Mark Sanford signed an omnibus property insurance measure into law yesterday that gives insurers incentives to cover homes in the state’s wind pool territory and provides tax breaks to residents who retrofit homes or set up catastrophe savings accounts.

The Omnibus Coastal Property Insurance Reform Act of 2007 had the backing of insurance companies.

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