NU Online News Service, June 25, 10:07 a.m. EDT
Florida Gov. Charlie Crist has vetoed a measure that would have allowed some insurers to charge unregulated property rates stating that it would allow them to essentially "red line" areas of the state
The governor said that HB 1171, the "Consumer Choice" bill, permitting unregulated rates for carriers that have a surplus of at least $200 million and a ratio of net written premium to surplus of no more than two to one would hurt emerging Florida domestic companies.
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