Buck Passed

REVIEW SUMMARY
What. Property insurance legislation vetoed by governor again.
Issue. Did bad politics trump good policy?
Impact. New capital gets scarce, more companies unable to pay claims and Citizens takes on more policies.

In the wake of Gov. Charlie Crist's June 1 veto of another widely supported property insurance reform bill, Florida's struggling property insurance carriers now face tough choices entering hurricane season.

Those choices likely mean fewer private carriers and more policies falling in the lap of the state-run Citizens Property Insurance Corporation when Citizens attempts to reduce its numbers.