NU Online News Service, Dec. 8, 3:46 p.m. EST
WASHINGTON–Financial firms could be forced to bail out Florida's troubled property insurer of last resort under an amendment proposed for House financial services reform legislation, according to one analysis,
The measure must be cleared by the House Rules Committee. Proposed by Rep. Kathy Castor, D-Fla., it "would specify that state catastrophe insurance programs are covered financial companies with respect to enhanced dissolution authority."
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