Florida tackles storm problem

By Scott Vincent

PROPOSALS to issue refunds to the thousands of policyholders forced to pay multiple deductibles in this year’s hurricane season were high on the agenda at a special legislative session that began in Florida yesterday. The session aims to settle a number of contentious insurance issues arising from this year’s storms, and arrives just days after state-created high-risk insurer Citizens Property Insurance submitted a report to the state’s insurance regulator outlining its target of settling all hurricane claims by year-end.