Florida CFO Jeff Atwater Says Florida Property Insurance Rates Should Decrease In Response To Significant Worldwide Reinsurance Price Drops
Aug 7, 2013
In a letter sent to Florida Insurance Commissioner Kevin McCarty today, August 7, 2013, Florida Chief Financial Officer Jeff Atwater questioned why Florida property insurance rates have not decreased in direct correlation to a “significant drop in reinsurance costs worldwide.”
“Floridians not only deserve an explanation for why they have not seen any savings to date, they also deserve to quickly begin seeing property insurance savings in their bills,” CFO Atwater wrote.
A copy of the letter is attached for review.
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