NU Online News Service, July 29, 2:54 p.m. EDT
Florida Sen. Mike Fasano, R-New Port Richey, is calling for a repeal of this year's massive property-insurance bill, SB 408, following the state insurer of last resort's decision to file for an average 400+ percent rate increase for sinkhole coverage.
"We need to repeal it completely and go back to the 10 percent cap [on rate increases]," says Fasano during a radio interview on WMNF 88.5 in Tampa.
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