NU Online News Service, Oct. 25, 3:09 p.m. EST
Companion bills introduced in the Florida House and Senate would allow surplus-lines insurers to participate in a program to depopulate the state's supposed insurer of last resort.
The bills, sponsored by Rep. Jim Boyd, R-Bradenton, and Sen. Garrett Richter, R-Naples, are once again rippling the waters of the yearly debate about Florida's Citizens Property Insurance Corp., which long ago eclipsed its intended purpose of being the last-resort insurer in the Sunshine State due to several factors in the Florida property-insurance market.
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