"Reckless" rate reduction promises on the part of some Florida regulators have led to possibly disappointed homeowners, an insurers' trade group said today.
On Friday the Florida Office of Insurance Regulation Web site began posting home insurers' rate reductions as they were received.
Reductions were mandated as part of a recent legislative package signed by GOP Gov. Charlie Crist earlier this year that provided property insurers with below cost reinsurance.
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