Consumer advocate J. Robert Hunter has been tapped by the Florida Office of Insurance Regulation to set property insurance rate reductions as mandated by recently passed reform legislation.
Mr. Hunter, who now serves as insurance director of the Consumer Federation of America, has begun work in Tallahassee to determine how much rates should be cut by all Florida residential property insurers to reflect lower reinsurance costs under the reform program.
The former Texas insurance commissioner said in a statement that he wanted to make sure consumers get the full benefit from the reforms, "while also ensuring insurers retain rates that accurately reflect the risk they are bearing."
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