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Legislators Nearing Insurance Answers; Risk to Industry and Taxpayers Still an Issue

By: Rushing, J. Taylor | The Florida Times Union, January 21, 2007 | Article details

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Legislators Nearing Insurance Answers; Risk to Industry and Taxpayers Still an Issue


Rushing, J. Taylor, The Florida Times Union


Byline: J. TAYLOR RUSHING

TALLAHASSEE - A rare weekend at work brought the Legislature a near-breakthrough on solutions to Florida's insurance crisis Saturday, as lawmakers prepared to expand the government's role - and risk - in safeguarding properties.

A core group of 30 lawmakers donned jeans, clutched coffee cups and rolled up their sleeves for a full day of horse-trading between the House and Senate. The Legislature has been holding a weeklong special session on the insurance quandary created by the 2004 and 2005 hurricanes, with talks taken over by top negotiators in recent days.

Both chambers are scheduled to reconvene Monday to consider final approval. Gov. Charlie Crist has ultimate approval …

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