Increasing the state's financial exposure from hurricane damage but would largely leave the current insurance structure in place.
Neither man's plan guarantees a specific reduction in property insurance costs in 2007, when most insurers are seeking double-digit rate increases
Insurance industry reaction to Davis' proposal was muted, with insiders saying they had heard few details and could not yet comprehend the scope of the proposal.
"To comment responsibly, you'd have to look at it for days," said Sam Miller of the Florida Insurance Council, an industry group.Crist has also pledged to demand that insurers offer property coverage in the state if they already offer automobile insurance.
Tags:
Property coverage
Insurance Plan
automobile insurance.
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