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February 06, 2008
Insurance companies in Florida
Insurance companies in Florida used loophole in law to bypass required rate savings (Sun-Sentinel)
Companies used loophole in law to justify increases It appears some of the state's biggest insurers tried to use loopholes in a law to skirt a requirement that they pass savings from a state-backed financial safety net to homeowners.
Insurance Execs Face Tough Questions from Florida Lawmakers (WCTV Tallahassee)
For the second day in a row, insurance executives faced tough questions from Florida lawmakers over how rates are determined. There is a consensus that the companies are using a near term loss prediction model which hasn t been approved and may be driving rates up.
