Florida CFO Jeff Atwater wants to know why a decrease in reinsurance costs to insurers isn't resulting in reduced rates for the Sunshine State's homeowners.
In a letter to state Insurance Commissioner Kevin McCarty, Atwater assumes, "If insurance companies can justifiably raise rates on Florida families because the reinsurance market drives their costs up, they can certainly lower the costs for Florida families when reinsurance prices fall."
Atwater sites a report from one industry trade publication based on a poll indicating reinsurance rates are down 15-20 percent.
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