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There is a new property insurance bill in the works in Florida--one that insurers hope will gain the support of new Gov. Rick Scott.

Despite the urgings of Florida Insurance Commissioner Kevin McCarty and others, Gov. Charlie Crist has vetoed the state's omnibus property insurance bill passed at the close of the 2010 legislative session.

The Florida House on Friday night approved and sent to the Senate a measure designed to beef up the finances of the state-created home insurer of last resort and the Florida Hurricane Catastrophe Fund.

The bill has drawn harsh criticism from the insurance industry, which has argued it provides only short-term fixes, makes the market more difficult for insurers and could expose taxpayers to a massive

The bill has drawn harsh criticism from the insurance industry, which has argued it provides only short-term fixes, makes the market more difficult for insurers and could expose taxpayers to a massive