Thursday, January 18, 2007

Insurance resolution in the works

A series of homeowners’ insurance bills promising meaningful rate rollbacks are expected to hit the floors of both legislative chambers today as lawmakers dive into Day 2 of a weeklong special session. The Senate is advocating a state-backed “super reinsurance pool” that would cap insurers’ exposure in megastorms. The House’s skepticism about Citizens was pervasive. On Tuesday afternoon, a House council approved a bill from Rep. Ellyn Bogdanoff, R-Fort Lauderdale, that would wipe out the public-private company’s board of directors, to be replaced with appointees by the new House speaker, Senate president and governor.

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