Florida’s insurance regulator said today that certain small insurers used a legal loophole to charge homeowners unapproved high rates, and he ordered the state’s insurer of last resort to provide them with lower-priced coverage.

Insurance Commissioner Kevin McCarty ordered the state-created Citizens Property Insurance Corp. to begin offering residential property insurance to Floridians whose policies had been taken out of Citizens by private insurers, but who are being charged unapproved rates.

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