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Home / FL: Rule Change Lifting Insurance Competitive Disadvantage ApprovedFL: Rule Change Lifting Insurance Competitive Disadvantage Approved
Last Updated on Wednesday, 19 December 2007 11:14 Written by rslcpol Wednesday, 19 December 2007 11:14
TALLAHASEE | A rule change that would lift a competitive disadvantage faced by foreign companies selling backup coverage to property insurers received preliminary approval Tuesday from Gov. Charlie Crist and the state Cabinet.
Insurance companies buy such reinsurance to cover catastrophic losses, like those often caused by major hurricanes, that exceed what they would pay out on their own.
This entry was posted on Wednesday, December 19th, 2007 at 11:14 am and is filed under Attorney General News.
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