The speaker of the Florida House of Representatives is putting the methods of catastrophe modeling firms under scrutiny and has written them demanding their proprietary modeling information.
Jose Fuentes, a spokesperson for Speaker Marco Rubio, R-Coral Gables, said modelers' data, which insurers use in setting risks, has become a point of concern, in part because a local paper–The Tampa Tribune–wrote an article suggesting the model produced by Risk Management Solutions model in Mr. Fuentes words "might be skewed."
Homeowners' insurance rates in the state have jumped more than 100 percent in some cases since insurers experienced major hurricane losses in 2004 and 2005.
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