Bill to reduce policies at Fla.-backed insurer is signed into law

05/30/2013 | PropertyCasualty360

A Florida measure intended to curtail the number of Citizens Property Insurance policies has gained the signature of Gov. Rick Scott. The new law "will bring much-needed reforms to better protect the taxpayers who support Citizens Property Insurance," Scott said. "This common-sense step eliminates public insurance subsidies for new coastal constructions with a high risk of storm losses," he added.

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