The Florida Office of Insurance Regulation has contracted with consulting actuary J. Robert Hunter to calculate property insurance rate reductions. The reductions are required under the insurance bill the legislature passed in January.
The former Texas insurance commissioner and current director of the Consumer Federation of America is to determine rate reductions all Florida residential property insurers will have to adopt. Assisting Hunter will be reinsurance specialist and consultant Paul Walther.
“The body of work Bob has put together over the years is legendary,” Florida Insurance Commissioner Kevin McCarty said. “He is truly one of the great minds on issues surrounding the insurance industry, and I am grateful we were able to attract him to Florida to take on this very important project.”
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