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Florida: First Day of Senate Hearing Runs the Gamut
Florida senators on the Select Committee on Property Insurance Accountability acted essentially as a rate hearing review board yesterday, asking probing questions about the presumed factor and true-up rate filings made by Allstate Floridian and Nationwide Insurance Company of Florida. Committee Co-chair Jeff Atwater stated that insurance is "a unique industry, important to society.that for all the dollars collected only provides a piece of paper and a promise." He went on to emphasize, as did other senators throughout the hearing, that it is up to them to "make sure insurance companies live up to that promise."
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Latest State News
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