The industry is calling for Florida Gov. Rick Scott to sign SB 1770—a bill touted as yet another positive step toward stabilizing the Sunshine's State's property insurance market.

The legislation is meant to return the state-run insurer, Citizens Property Insurance Corp., to its rightful place as the last-resort option for property owners.

For a variety of reasons—mainly rate suppression—Citizens has ballooned to become Florida's top writer of property insurance. It is a dangerous distinction considering nearly all the state's policyholders could wind up on the hook if Citizens needs money to pay claims.

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