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From the staff of the Tampa Bay Times

Jeb Bush backs property insurance deregulation effort

29

March

Jeb Bush waded into the property insurance debate Monday in an interview with the Associated Press. The former governor endorsed a measure to allow property insurance companies to offer unregulated rates, subject to annual caps on average increases.

Bush told AP that the renewed effort -- after Gov. Charlie Crist vetoed a similar bill last year -- is necessary to help companies better capitalize in the event of a major hurricane and he hopes the governor signs it. Since his successor took office, Bush has been critical of Crist's property insurance mindset.

He suggested Crist should give the law a good look because lawmakers addressed most of his concerns from last year.

Crist appeared before a Senate committee last week to tell lawmakers not to pass the legislation, sponsored by Sen. Mike Bennett and Rep. Bill Proctor.

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[Last modified: Thursday, September 9, 2010 12:25pm]

    

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