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Gov. Crist threatens adjustments in Florida CAT fund if insurers ask for higher rates

posted 62 weeks ago on Insurance Coverage Blog

It looks like Florida Gov. Charlie Crist has got more saber-rattling to do, from the looks of this story. The story says as follows:Upset that consumers haven't seen big savings in their homeowner's insurance, Gov. Charlie Crist said Tuesday that the state could back out of a deal that provided insurers with cheaper coverage while the state assumed a much bigger risk for a mega-storm season. Prompted by Chief Financial Officer Alex Sink, Crist said he was willing to reconsider the state's move to pick up another $12 billion in backup coverage for the private insurance market. "It's a good thought," Crist said. "What the Legislature gave they can taketh away." A question: does anyone in a position of authority in Florida have a plan, or is the idea to ju

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