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Live on the Water at Your Own (Insurance) Risk

Environmentalists and tea party groups don’t usually have much to agree on politically, but they came together in front of the state Senate chambers in Tallahassee Friday to support an insurance reform bill.

Amendment would prohibit Citizens Property Insurance from covering near-shore homes

What they agree on is that Citizens charges artificially low rates for the high-risk policies and the subsidy encourages development where it shouldn’t, and otherwise might not be.

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