We have residents that are locked into their homes because they can't afford the taxes on a new residence. Others have been priced out of the market entirely. And there are obviously other issues that affect affordability. The legislature, for example, has done very difficult but important work to enact reforms to stabilize Florida's insurance markets. And the results have been positive, as witnessed by the recent announcement of historic rate decreases for citizens homeowners insurance and the consistent filings we're now seeing for rate reductions for both homeowners and auto insurance providers. (25:05–25:14)
CLAIM
Asserts that Florida's legislature has enacted reforms to stabilize the state's insurance markets.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
