Change in hurricane fund could increase insurance premiumsApr 14,2008 00:00 by Palm-Beach-Post.comTALLAHASSEE — A bill that would reduce the state's share of insurance payments after a catastrophic storm was unanimously approved this afternoon by a powerful House committee. The bill (HB 7057) could result in average windstorm premium increases of up to 7 percent in Palm Beach County and 2 percent statewide in an effort to cut the state's Hurricane Catastrophe Fund from $28 billion to $25 billion. --------------------------------------------------------------------------------------------- Copyright 2008 The Palm Beach Post. All rights reserved. |