NU Online News Service, May 14, 4:04 p.m. EDT

Officials of a Florida independent agent's trade group hit state legislators today for what they said were actions on insurance putting homeowners at financial risk in the event of a big hurricane.

The state's pursuit of "artificially low rates" has created a situation that leaves the state's homeowners and property owners at risk "and only one huge storm away from very difficult circumstances," said Jeff Grady, president and chief executive officer of The Florida Association of Insurance Agents (FALA).

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