Thursday, January 25, 2007

Rich May Catch Break on Florida Insurance

Florida's home-insurance relief bill is not meeting with univeral approval. The state has OKed a plan that lawmakers say will lower rates across the state by an average of more than 20 percent. But according to the Orlando Sentinel, savings "will vary wildly from household to household."And columnist Scott Maxwell says rich second-home owners with beach houses will catch a break while costs will go up for millions of fulltime Sunshine State residents.

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