November 03, 2006
Home Insurance Rates Is A Hot Topic In Florida’s Gov Race
Rising homeowners insurance is a dominant theme in the race for governor in Florida. Both Democrat Jim Davis and Republican Charlie Crist are to assure voters that they will do a better job at lowering rates. Palmbeachpost.com reports:
Under Davis' proposal, Florida's Hurricane Catastrophe Fund, which sells below-market reinsurance to insurance companies, would be transformed into the Hurricane Premium Protection Fund, which would collect the bulk of premiums from policyholders statewide and be responsible for the bulk of each claim, between 70 percent and 90 percent.
Read more: Davis, Crist tout their plans to lower home insurance rates
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