TALLAHASSEE, Fla. (AP) - A hurricane insurance bill that would
help Florida reduce its multibillion-dollar exposure in the state's
tenuous insurance market moved through a Senate committee - with
The Senate Banking and Insurance Committee approved the bill (SB
1950) after debating several amendments, including one by Sen. Mike
Fasano, R-New Port Richey, that led to a blistering exchange with a
Barney Bishop, of Associated Industries of Florida, told the
committee that lawmakers had violated every known insurance
principle when they got the state into the insurance business.
Fasano exploded: "You don't have a clue."
The lawmaker said the lobbyist was "totally out of touch" and living "in the Tallahassee cloud."
(Copyright 2009 by The Associated Press. All Rights Reserved.)