Fla. Insurance Reforms Potentially Risky: Milliman Reports

An insurer-commissioned report released today said that Florida’s legislative reforms have provided the greatest benefit to coastal high risk areas, and could potentially raise premiums in less risky areas.

The report was prepared by Seattle-based actuarial consulting firm Milliman, Inc., and was commissioned by Property Casualty Insurers Association of America. It was unveiled at a press conference in Tallahassee this morning. Briefings for the state’s chief financial officer and attorney general as well as members of the governor’s staff followed the event.