Crist vetoes latest Florida insurance bill over rate rises
Populist Florida governor Charlie Crist has exercised an 11th-hour veto of a state property insurance bill (SB2044) because it would have allowed limited price increases to policyholders.
Crist waited until two hours before the deadline to make public his widely expected decision to go against the wishes of his own insurance commissioner and the industry.
Under the Florida constitution the bill would have become law at midnight last night (1 June) had the governor not exercised his executive right of...
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