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Florida Gov. Charlie Crist has vowed to sign legislation that could raise home coverage rates up to 10 percent for more than one million policyholders with the state-created Citizens Insurance Corp.

The Florida House of Representatives gave final approval and sent the governor a bill that could raise home coverage rates by up to 10 percent for policyholders with the state-created Citizens Insurance Corp.

The legislation, HB 1157 and SB 2384, introduced by Senator Mike Fasano, R-New Port Richey; and Reps. Ellyn Setnor Bogdanoff, R-Fort Lauderdale; John Wood, R-Winter Haven; and Priscilla Taylor,

Insurance industry groups continue to argue that North Carolina's state-run insurer of last resort would be unable to absorb the losses from a major storm, with the most recent argument coming from th

The Florida Office of Insurance Regulation's proposal to eliminate insurers' ability to critique and challenge their state conduct exams, before results are made public, has drawn criticism from the i

She added that increases in repair costs, health care costs and other related expenses contributed to the need to raise the limits. The state had considered similar legislation for several years, Ms.

Besides removing the anti-trust language, the legislation would mandate that commercial insurers looking to non-renew more than 10,000 policies in a given year would have to notify the state Office of

Among its provisions are those freezing rates for the state-run Citizens Property Insurance Corp., increasing the penalties for violations of the insurance laws, and changing the standards and procedu