Home insurance premiums would likely rise statewide under bills that aim to shrink the Florida Hurricane Catastrophe Fund.
The state’s Cat Fund, a major source of money to pay claims after severe disasters, would contract from $17 billion to $14 billion over three years under HB 1107, filed Wednesday by state Rep. Bill Hager, R-Boca Raton. A similar Senate bill, 1262, was filed by Sen. Alan Hays, R-Umatilla.
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