NU Online News Service, May 28, 2:23 p.m. EDT

Florida Governor Charlie Crist yesterday signed into law a measure that could raise homeowners insurance rates up to 10 percent for policyholders with the state-created Citizens Insurance Corp.

The Senate Sponsor of HB 1495, Senator Garrett Richter, R-Naples, said during Senate discussion of the bill that Citizens premiums are not adequate to cover potential losses in the event of a major hurricane.

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