Last week saw a couple of days of grueling hearings before a Florida state Senate committee looking into why insurers haven’t honored legislators’ promises of lower property insurance rates.
Apparently, the committee hasn’t had enough fun yet. Seen in Insurance Journal:
After two more days of grueling questions to Florida state regulators and insurance company executives, a special Senate panel wrapped up its business Tuesday as confused as when it began.
In fact, the Select Committee on Property Insurance Accountability decided they wanted more sworn testimony from industry executives in mid-February to gather additional information on why many companies haven’t reduced premium costs to property insurance customers.
“At some point in time we’re going to have to recognize that we can’t have it all,” said Steve Geller, D-Cooper City, who co-chaired the panel.
A meeting notice posted on the committee’s website only shows a couple of cat modeling experts on the docket for the 19th. Perhaps they’ve been having problems trying to subpoena the Gecko as they threatened?