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Statement by Governor Charlie Crist Regarding Property Insurance Subpoena
“Many Florida homeowners have been disappointed that property insurance rates have not dropped more, and I, too, am disappointed. We have significant reason to believe that some insurers are violating both the spirit and the letter of the law passed earlier this year and may not be passing savings along to the customer. Instead, we have seen outrageous rate hike requests.”
“The insurance industry is tenacious, but we are, too. We will remain vigilant and will continue to hold the insurance industry’s feet to the fire. Thanks to the good work of Senate President Ken Pruitt, House Speaker Marco Rubio and the Florida Legislature, we created significant insurance reform in Florida that gives Insurance Commissioner Kevin McCarty the tools he needs to hold property insurers accountable. I applaud the Commissioner’s work to ensure insurance companies are responsible and bring rates down.”
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