Florida lawmakers should not tap Citizens funds

04/29/2008 | Tampa Tribune (Fla.), The

Florida lawmakers are considering a plan that would take $250 million from state-run Citizens Property Insurance and give it to new private insurance companies, the St. Petersburg Times editorial board writes. The board opposes the proposal because it would weaken Citizens' financial position if a severe storm hits the state. "That would be a reckless gamble, and Gov. Charlie Crist should follow through on his veto threat if legislators don't come to their senses," the board writes.

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