NU Online News Service, May 6, 3:14 p.m. EDT

Insurer groups hailed the Florida Legislature's passage of a wide-ranging property bill and have called on the governor to sign the legislation into law.

The bill, SB 408, is an omnibus property-insurance reform bill that addresses many of the same issues contained in SB 2044 last year—a bill that was vetoed by former Gov. Charlie Crist despite widespread support among lawmakers, regulators, trade groups and consumer advocates.

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