Florida Gov. Charlie Crist has lined up three high-powered attorneys to bring a class-action suit against property insurers, who he says are violating a state law designed to help them reduce rates.

Dexter Douglass, one of the attorneys the governor revealed on Tuesday had been contacted, said today that the case would be handled in the same way as the massive government lawsuit against the tobacco industry that led to a $130 billion settlement.

In reaction, an insurance industry spokesman said the state was welcome to bring the suit because insurers have done nothing wrong.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.