Crist sinks property insurance bill

Governor Charlie Crist put the kibosh on a contentious property insurance bill, saying it would limit consumer choices and make Florida a more difficult market for insurers. The governor and other critics said yesterday’s veto gives large insurers the power to set rates at any level they wish and will add to the strain of property costs in the state. House Speaker Larry Cretul called the veto a disappointment and said over-regulation of the insurance industry is worse for consumers.