CFO Alex Sink has written another letter to Florida Insurance Commissioner Kevin McCarty, expressing her concern for the state's property insurance market. She wants McCarty to explain why a number of domestic property insurers are financially unstable.
"The vast majority of Florida homeowners rely on property insurance coverage to protect their homes, coverage that is especially important in these very difficult economic times," Sink wrote in a letter dated March 9. "Florida's homeowners and policyholders deserve nothing less than accurate information about the protection they've been paying for."
McCarty is now scheduled to address the topic at the March 23 Cabinet meeting.
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