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Florida's CFO wants more answers about insurance rates

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Posted: Tuesday, October 29, 2013 11:48 pm

TALLAHASSEE, FL - Florida's Chief Financial Officer Jeff Atwater is still unsatisfied with property insurance rates.

For the second time this year, Atwater is asking for more information about why rates aren't dropping in Florida.  State Insurance Commissioner Kevin McCarty is working on a detailed report on how much money insurance providers save on reinsurance, and whether or not those savings are being passed on to consumers.  The report should be finished by December.

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