With little fanfare and no debate, Florida lawmakers who met during the January special session put on hold a program that had been launched three years ago as one of the steps intended to help fix the state's ailing property insurance market.
Legislators directed that all money paid back to the state as part of its insurance capital incentive build-up program go back into the state's general accounts instead of staying in the program itself.
The decision means that the build-up program — which was given $250 million to lend out to insurers that were willing to write new policies in Florida — is essentially dead since it has no new sources of funding.
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