Property Insurance Committee Meets Today in Tallahassee
The Property and Casualty Insurance Reform Committee has posted its recommendations on the Internet - all 117 pages of them.
Their reforms include letting homeowners get bare-bones property insurance, with higher deductibles.
Incoming Chief Financial Officer Alex Sink says probably the most important recommendation is to expand the Hurricane Catastrophe Fund CAT fund.
SINK: I believe this is a good idea, as long as we do have indications from the insurance companies that this will result in more companies being interested to come and compete for our business and stability in rates.
But whether there will be a special session to address insurance reforms is up to Gov. Jeb Bush.
BUSH: I'm not going to call a special session unless there's broad consensus on this. It just doesn't make sense.
The reform panel is expected to finalize its finding this morning. The committee's interim report is available on the web at www.myfloridainsurancereform.com.
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