Tampa Bay Times: Florida insurance companies steered money to investors while claiming losses, study says
For state regulators (a) to commission a study which showed that Florida insurers were shoveling billions of dollars in excess payments to their parent companies then claiming to be unable to cover claims without hiking rates or closing up shop, (b) to then keep that study from state lawmakers seeking to calm Florida's hurricane-drenched insurance market, and (c) to then take two years to release the study in a public records request might be one of the most Florida things ever.
In this article, Tampa Bay Times staff writer Lawrence Mower explains how this happened and provides a link to the "draft" report.
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