A report addressing high property insurance was released to Florida C-F-O Jeff Atwater Wednesday afternoon.
The report looks into the reasons why insurance rates have not dropped even though there hasn’t been a catastrophic event in Florida in almost a decade.
Atwater says Floridians should be asking the tough questions to insurance companies.
”They fairly ask the question if there has been no catastrophic events in Florida since the 04-05 seasons why wouldn’t my rates be coming down? Why would my rates still be going up?”
Atwater says the rates people are paying for property insurance outweighs how much of a rate increase they are making financially.