Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

4 February 2012

Crist anti industry again

18 June 2010

Populist Florida governor Charlie Crist went against the wishes of his own insurance commissioner and the insurance industry. He exercised an 11th hour veto of a state property insurance bill (SB2044) on the eve of the start of the hurricane season because it would have allowed price increases of up to 10 percent to policyholders.

However, the bill also introduced measures aimed at bolstering the state's beleaguered insurance market, including increasing minimum capital requirements and closer scrutiny of transactions between...


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