Cabinet meets over Florida’s dysfunctional insurance market and lingering Russian investments
Roofing claims, property insurance, and Russian disinvestment: On Tuesday, for the first time in more than six months, the Florida Cabinet actually met in Tallahassee to tackle business on a variety of fronts.
Florida’s top insurance regulator tried to get out in front of a fast-moving story – a dysfunctional property insurance market with dramatic increases in premiums for homeowners, two months before the start of another hurricane season. David Altmeier told the governor and Cabinet Tuesday that one factor driving up insurance costs is a major surge in roof claims, and his Office of Insurance Regulation is trying to get a handle on those costs.