
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, July 16, 1993                   TAG: 9307160158
SECTION: BUSINESS                    PAGE: B7   EDITION: METRO 
SOURCE: 
DATELINE: TALLAHASSEE, FLA.                                LENGTH: Short

JUDGE BARS PRUDENTIAL FROM DROPPING CLIENTS

Saying the company had nothing to lose but money, a federal judge Thursday refused to let one of Florida's largest property insurers start dropping homeowners for fear of another hurricane this summer.

The judge ruled on a request from Prudential Property and Casualty Insurance Co. Legislators and insurance lobbyists see it as a signal that Florida's six-month moratorium blocking insurers from canceling homeowners' policies will stay in force until Nov. 14.

"We see some of our fair-weather friends who want to pull out of Florida," Gov. Lawton Chiles told a commission seeking solutions to the insurance crisis at its first meeting Thursday. "We have temporarily stopped them in their tracks." - Knight-Ridder/Tribune

by CNB