By Charles Elmore – Palm Beach Post Staff Writer
MIAMI — On the first day of hurricane season, Florida’s new insurance commissioner David Altmaier described the state’s insurance market as “more stable and competitive” than it has been in more than a decade, even as officials acknowledged continuing challenges.
Florida Chief Financial Officer Jeff Atwater applauded progress but added, “One thing we have to acknowledge at the outset is we’re not perfect. We lost companies after 1992’s Andrew. We lost companies after 2004-2005. If an event occurs, there is a likelihood that notwithstanding our best efforts, some may not succeed in staying viable.”
“We want consumers to be confident but no one should ever believe we are complacent or believe we have it completely figured out,”Atwater said. He appeared with Altmaier and others at Florida International University’s “Wall of Wind” hurricane research facility on Wednesday.