Seen on the AP wire:
A row of Allstate officials went before the Senate Select Committee on Property Insurance Accountability to answer questions about why the company has asked to increase home insurance rates despite a new law intended to lower premiums.[...]
One of the main differences between what the company has asked to charge customers and what state regulators have determined is appropriate is how or whether to factor in the prospect of more or stronger hurricanes because of rising ocean surface temperatures.[...]
For some of lawmakers’ questions, company officials had trouble giving a simple, direct answer. Many were complicated actuarial questions, and the responses didn’t always please the panel.
“I haven’t seen so much bobbing and weaving since Muhammad Ali did the rope-
a-dope,” said Sen. Bill Posey, R-Rockledge. “When we get the nebulous answers,
it just gives me more questions.”
While I haven’t been able to track down a likely source for transcripts of the session, I do note that the committee has its own web page, from which a the 233 page meeting packet for Monday’s and Tuesday’s meetings can be obtained.