Dropping Policies

Despite aggressive insurance reform, The future may be grim for some Florida homeowners. The Hartford Financial Services Group says it plans to drop 38-thousand property insurance policies over the next year. That's about a third of the company's Florida policies. Hartford executives say 80-thousand Floridians, in a separate program with the AARP, will not be affected by the company's decision. The move comes just after Governor Crist and the FLorida Cabinet enacted an emergency rule that freezes insurance rates and prevents cancellations through the end of hurricane season. How can Hartford Financial do this if Crist and his cabinet have already enacted this emergency rule? They'll have to wait until the end of this hurricane season to implement its new plan.