Florida Gov Veto Puts Homeowners at Risk

The Florida Governor has once again vetoed legislation that would have helped protect homeowners in the state.  The veto preserves the current regulatory policy of underfunding insurers (including the state’s own insurer-of-last-resort) from having sufficient capital reserves to pay for homeowners for their losses.  The legislation would have permitted insurance companies to collect modestly higher premiums in order to guarantee […]