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Bill to allow private companies to sell flood insurance in Florida on governor's desk
A bill to get private insurance companies to sell flood insurance policies in Florida is now heading to Governor Scott's desk.
The legislation is designed to make it easier for private companies to sell flood insurance.
Florida is home to 37-percent of the federal policies.
State officials say congressional attempts to fix the troubled program ended with skyrocketing premiums.
Congress just recently rolled back some of the increases it permitted in 2012.
It's not clear, though, that many private insurers will want to assume the risks of flooding.