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Florida Lawmakers Can’t Get No Satisfaction

February 7th, 2008 by Mike Vasilinda

Florida Senators say they don’t like the answers they got from Insurance company  executives earlier this week. The executives were called to Tallahassee and put under oath over why rates have not gone down. Key Senators are now  debating their next move.  Governor Charlie Crist continues to say some companies are behaving unethically.

“There could be legal action taken as well,” Crist said. “I think that the Senate obviously is infuriated. I know that they are. As are members of the House and this administration. I think that the actions that have been taken by some in the property insurance industry in Florida, it’s unjustifiable, it’s unconscionable.”

The two days of testimony uncovered the fact that several companies were relying on a short term model which has not been approved for use.

Posted in Legislature, Property Taxes, State News | 1 Comment »

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