The Real Deal Miami

Crist readies insurance veto

June 05, 2009 12:08PM

A big national insurer won’t have carte blanche to set high rates in Florida if Governor Charlie Crist goes ahead and vetoes a bill written in the wake of State Farm Florida’s withdrawal from the state last year. State Farm sought a 47 percent rate increase, claiming a need to fill its coffers to be prepared for heavy storm damage.