Florida legislators consider gradual property insurance hikes as Citizens cap nears end

With the 2009 hurricane season fast approaching and the legislative session more than halfway over, lawmakers consumed in recent weeks by Florida's budget woes are turning their attention to the state's troubled property insurance market. For residential property owners, that could mean paying premiums of between 10 and 20 percent more each year — but only if legislators can come to an agreement before the session ends in May. A Senate proposal this week stalled in its first committee amid concerns about raising homeowners' insurance costs during economic hard times.

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