Legislators in Florida examine whether insurance companies claimed losses – and at the same time make great profits

Tallahassee, Fla. – The legislators in Florida held a hearing on Friday to examine whether some real estate insurance companies overdo the losses and at the same time benefited billions.

After the reporting on Bomba Bay Times, it came after reporting. The outlet discovered a state report that was never seen before, which stated during the insurance crisis. After the Hurricanes Irma and Michael, when their insurance premiums started, some insurance companies in Florida achieved billions and claimed that they had lost money.

The newspaper reported that they drilled legislators to make changes that benefit the industry, e.g. B. the introduction of invoices that contaminate the lawsuits.

In the Florida House Banking and Insurance Committee on Friday morning, Florida's former insurance commissioner was asked what he knew.

“When analyzing the personnel reform analysis, there was a tax allocation of one million dollars to the Commissioner (Office of Insurance Regulation). Did you receive this invoice in this invoice if it was passed?” Rep. Yvonne Hayes Hinson, D-Gainesville, asked. “I try to check whether you personally have not received a million dollars.”

“No Ma'am, I can confirm that I have not personally received a million dollars,” said the former insurance commissioner of Florida, David Altmaier.

The current commissioner also had severe questions.

“The number one for the people in Florida is that they want answers to why insurance tariffs are so high,” said Rep. Mike Caruso, R-Delray Beach.

Rep. Hillary Cassel, R-Dania Beach, asked: “How can the office justify this report, which apparently went to partners $ 14 billion, and they only dropped the ball because they were too busy?”

The former insurance commissioner was also asked whether the governor knew about the report. He said he didn't remember.